Leveraging IP with Research Teams_Bootcamp Bilbao.pdf

Leveraging IP with Research Teams_Bootcamp Bilbao.pdf

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  This project hasreceived funding from European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement No 101007990. Virtual health and Wellbeing Living Lab Infrastructure Leveraging IP in Research
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  Intellectual Property 2 Intellectual Property(IP) = legal rights and protections granted to individuals or organizations for their creative and innovative works (inventions, designs, literary and artistic works, symbols, names, and trade secrets) IP protection encourages to invest time, effort, and resources so one can reap the benefits of his/her work. Navigating the complexities of IP, research teams can optimize the value of their innovations and contribute to the advancement of knowledge and technology.
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  Investing Angle forIP 3 Anticipation of Success > Risk of Loss of IP advantages
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  The Million (orBillion) dollar Question What is the (your) primary reason behind exploitation of IP? [ For own interests or the society’s interest? One should be the decisive factor ] 4
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  Leveraging IP Different methodscan help a Research Team, or a Researcher to leverage Intellectual Property ranging from Licensing, Collaborations and Partnerships, Technology Transfer, Consulting and Expertise, Research Grants and Funding, Open Innovation to Open Source 5
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  Leveraging Outcomes 6 Potential forrevenue generation: Qualcomm, generates substantial revenue through by earning royalties from smartphone manufacturers. Increased visibility and recognition: Stanford University's licensing and technology transfer office provides visibility to the research outcomes. Ability to attract investors and funding: Moderna, attracted significant investor interest by leveraging its intellectual property related to messenger RNA (mRNA) technology Opportunities for collaboration and partnerships: IBM's patent licensing program enables collaborations and partnerships with other companies Access to resources for further development: The European Commision provides grants and funding opportunities to researchers and institutions for advancing Tech Monetization of research outcome: Dolby Laboratories, licenses its audio encoding and decoding technologies to manufacturers of consumer electronics Validation of research through commercialization: Google's DeepMind, developed the AlphaGo program that validated their research and showcased the potential of AI Increased career & entrepreneurial opportunities for team members: Universities, encourage entrepreneurial ventures and support their researchers in establishing spin-off companies
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  7 The Citizen’s ScienceChallenge Citizen Science emphasizes open access to data and knowledge. trying to protect their intellectual property and maintain a competitive advantage is a tough job compensating beyond recognition and attribution is tricky Zooniverse Scistarter BOINC
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  Issues with IPin Citizen Science Projects Change the Footer from "Insert" / "Header and Footer" 8 • Ownership of data • Attribution and acknowledgment. • Access and use of data: Balancing openness and privacy • Licensing and permissions • Commercialization and patents
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  Basically… 9 Licensing Collaborations and Partnerships Technology Transfer Consulting and Expertise Research Grantsand Funding Open Innovation and Open Source Access to market demand Complementarity Technology Export Monetization of knowledge for a fee Financial support for R& D Democratized help
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  10 Revenue Streams fromleveraging IP Approach Example Revenue Streams Licensing Royalties or licensing fees paid by companies using the licensed IP Collaborations and Partnerships Shared revenue from joint product development or revenue-sharing agreements with industry partners Technology Transfer Licensing fees, upfront payments, or equity stakes in the companies that commercialize the transferred IP Consulting and Expertise Fees for providing advisory services, technical support, or customized solutions Research Grants and Funding Funding from research grants, sponsored research agreements, or partnerships with funding agencies Open Innovation and Open Source Sponsorships, donations, or grants from organizations or individuals supporting open innovation initiatives
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  Leveraging IP: Pros(+) of Options 11 Licensing Collaboration s and Partnerships Technology Transfer Consulting and Expertise Research Grants and Funding Open Innovation and Open Source - Generate revenue through licensing fees - Access to complementary expertise and resources - Commercialize IP and reach wider markets - Monetize knowledge and expertise through consulting services - Financial support for research and development projects - Access to external ideas, expertise, and resources - Expand market reach through licensee networks - Shared costs and risks in research and development - Collaboration opportunities with industry partners - Enhance reputation and build networks - Funding for equipment, facilities, and research activities - Foster innovation and creativity through collaboration - Leverage partners distribution channels - Access to specialized facilities and equipment - Gain access to industry-specific knowledge and markets - Build long-term relationships with clients and partners - Enhance research capabilities and infrastructure - Promote transparency and collaboration in research - Benefit from partners marketing and sales - Combine diverse perspectives and skills for innovation - Technology validation and scalability - Expand service offerings and diversify revenue streams - Support for specific research areas or interdisciplinary work - Harness collective intelligence and expertise
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  Leveraging IP: Cons(-) of Options 12 Licensing Collaborations and Partnerships Technology Transfer Consulting and Expertise Research Grants and Funding Open Innovation and Open Source - Loss of control over IP and potential misuse - Difficulties in aligning goals and managing conflicts - Lengthy negotiation and technology transfer process - Balancing consulting commitments with research responsibilities - Compliance with reporting and accountability requirements - Challenges in managing intellectual property rights - Potential revenue limitations due to royalties - Intellectual property disputes and ownership challenges - Lack of industry interest or adoption - Potential conflicts of interest with consulting engagements - Time-consuming grant application and reporting processes - Potential risks of infringement or license non- compliance - Competitive risks if licensing to rivals - Differences in organizational culture and communication - Valuation and pricing of IP - Dependence on client demand and project availability - Research direction influenced by funding priorities - Difficulty in balancing openness with proprietary
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  First Steps 13 Licensing: Assessthe potential of the IP through market research, patent analysis, and competitive landscape evaluation for the licensing potential and identify target industries Collaborations and Partnerships: Identify Potential Partners with complementary expertise, resources, and market presence. Evaluate their compatibility and willingness to collaborate Technology Transfer: Engage with Technology Transfer Office to understand the IP transfer process, requirements, and available support. Consulting and Expertise: Determine the specific expertise, knowledge, or services that can be offered through consulting engagements. Research Grants and Funding: Identify Funding Sources such as funding agencies, foundations, or industry sponsors that align with the research team's area of expertise Open Innovation and Open Source: Prepare research papers or findings for publication in relevant journals or open-access platforms.
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  What Investors andCorporates like (or don’t) 14 IP Challenge What Investors Do Not Like What Corporates Do Not Like Protecting the IP through patents and ensuring exclusivity. Lack of strong patent protection and potential for IP infringement. Weak IP portfolio that may hinder market exclusivity and competitive advantage. Negotiating favorable licensing agreements and monitoring compliance. Lack of clarity and transparency in licensing terms and potential for contractual disputes. Non-compliance with licensing terms and inadequate monitoring of IP usage and royalties. Defining ownership and rights to jointly developed IP. Ambiguity or disagreement regarding ownership rights, leading to potential legal conflicts. Lack of clear agreements on IP ownership and difficulties in exploiting and commercializing jointly developed IP. Establishing clear contractual agreements for IP protection and utilization. Insufficient safeguards for IP protection, including weak contractual provisions. Unclear contractual terms that expose the IP to misuse, unauthorized access, or loss of exclusivity. Assessing the market potential and value of the transferred IP. Uncertain market demand for the IP or lack of evidence supporting its commercial viability. Inadequate market research and due diligence on the IP's potential value and fit within the corporate strategy. Protecting the IP during the transfer process and ensuring proper documentation. Risk of IP leakage or unauthorized use due to inadequate security measures and documentation. Insufficient documentation and risk of losing IP rights or facing legal challenges during the transfer process. Clarifying ownership and usage rights for IP created during consulting engagements. Lack of clarity regarding IP ownership and potential conflicts over usage rights. Unclear or contested ownership of IP created during consulting, leading to disputes over its use and ownership. Protecting confidential information and trade secrets. Potential breaches of confidentiality, unauthorized access, or loss of trade secrets. Insufficient measures to safeguard confidential information, leading to potential leakage or misuse. Balancing IP rights with the requirements and obligations of grant funding. Limitations on IP rights that may restrict commercialization opportunities or licensing potential. Restrictive grant requirements that hinder the IP's exploitation and commercialization prospects. Complying with reporting and disclosure requirements for funded IP. Failure to meet reporting obligations or inadequate disclosure of funded IP activities. Non-compliance with reporting and disclosure requirements, which may result in legal or financial consequences. Managing IP rights and licenses when contributing to open-source projects. Infringement of open-source licenses, resulting in legal liabilities or reputation damage. Insufficient understanding of open-source licensing obligations and potential conflicts with proprietary IP. Ensuring compliance with open-source licenses and avoiding infringement. Violation of open-source licenses, potential legal consequences, or negative community perception. Non-compliance with open-source licenses, leading to legal risks and negative impact on collaboration efforts.
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  This project hasreceived funding from European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement No 101007990. Contact us Online presence https://vitalise-project.eu https://twitter.com/VITALISEproject https://www.facebook.com/VITALISEproject/ https://www.linkedin.com/company/vitalise-project/ Subscribe to our newsletter: European Network of Living Labs (ENoLL) https://enoll.org/ https://openlivinglabdays.com/ [email protected] Project coordinator: Dr. Evdokimos Konstantinidis Scientific coordinator: Prof. Panos Bamidis Argyrios Spyridis, Anthology Ventures [email protected]