Technology Transfer business flows with the innovation economy
1266_ 8/31/12 - The Tech Transfer Office at University of Colorado has been growing under the auspices of Dr David Allen for a full decade. Over these years he has accurately read the economic future, planned and executed strategies that have grown the office and greatly pleased the entire community. We are talking with Dave, the Associate Vice President of CU TTO for another annual report and a little flash back on the past decade. Dave gave us an overview of the report. "Last year was difficult in a couple of areas and outstanding in others. Technology Transfer business kind of flows with the innovation economy and also with the way federal funding for research goes because that's where our raw material comes from. Last year we had a slight decrease in our inventions disclosures, but an increase in patent applications, working through some of the pipeline issues that we have. Our exclusive licensing transactions were just two less than we had the year before which is hardly significant, we did 33 of those. That's an outstanding number in a difficult time in the market place. In the areas of bio technology and clean tech, last year was one of the most difficult years in a long time. Our startups have been running at around the same pace in a five year average - about ten a year. And, of course they continue to participate with the state Bio Science Discovery Evaluation Grant program; we are fully subscribed with a bunch of really high quality projects do have quite a backlog of companies that are poised for M&A and even some poised for going public. But overall CU TTO had an outstanding revenue year, with almost $33 Million of revenue! Almost thirty of that was from one transaction. Dave said, "What we did was to sell the royalty stream for the future. That took all the near term risk right off the table and if it does well, allows participation in the upside, which is a win/win for CU TTO and the purchaser." It was a solid year overall, TTO continues to work with partners like the Deming Center for Entrepreneurship, CU Cleantech, CCTSI down at AMC, the Innovation Center for the Rockies, and our team is a strong team wonderful people working here...Listen for much more...
Related Links: CU Technology Transfer Office || TTO Blog || CU TTO Channel || Tech Transfer Performance Metric 2011-12 || TTO Strategic Plan || Colorado to Arizona || Keywords: David Allen, University of Colorado, Technology Transfer, Inventions, Energy, Bio Medical, Clean Tech, Annual Report, Decade, Discovery Evaluation Grant Program, Royalty Stream, - bytes=9111826
LISTEN TO: Dr David Allen, Associate Vice President, Technology Transfer Office, University of Colorado
Powered by Podbean.com