Philip S Low

Transcription

1 Philip S Low

2 Benefits of commercialization activities to scholarly work at Purdue University. 1. Enhanced Funding 2. Increased student recruitment 3. Improved job placement for students 4. Increased publications 5. Increased invited lectures 6. Increased patents 7. Mechanism for translation of discoveries to public 8. Improved networking/outreach - With industry - With academia - With society

3 2010 Philip S. Low - Funding Year $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Funding Dollars

4 Benefits of commercialization activities to scholarly work at Purdue University. 1. Enhanced Funding 2. Increased student recruitment 3. Improved job placement for students 4. Increased publications 5. Increased invited lectures 6. Increased patents 7. Mechanism for translation of discoveries to public 8. Improved networking/outreach - With industry - With academia - With society

5 2010 Philip S. Low - # of Graduate Students Year # of Grad Students

6 Benefits of commercialization activities to scholarly work at Purdue University. 1. Enhanced Funding 2. Increased student recruitment 3. Improved job placement for students 4. Increased publications 5. Increased invited lectures 6. Increased patents 7. Mechanism for translation of discoveries to public 8. Improved networking/outreach - With industry - With academia - With society

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8 Benefits of commercialization activities to scholarly work at Purdue University. 1. Enhanced Funding 2. Increased student recruitment 3. Improved job placement for students 4. Increased publications 5. Increased invited lectures 6. Increased patents 7. Mechanism for translation of discoveries to public 8. Improved networking/outreach - With industry - With academia - With society

9 Philip S. Low - # of Invited Lecutes Year # of Speaking Engagem ents

10 Benefits of commercialization activities to scholarly work at Purdue University. 1. Enhanced Funding 2. Increased student recruitment 3. Improved job placement for students 4. Increased publications 5. Increased invited lectures 6. Increased patents 7. Mechanism for translation of discoveries to public 8. Improved networking/outreach - With industry - With academia - With society

11 2010 Philip Low - Patents Year Number of Patents

12 Benefits to Purdue University and the Community. 1. Endocyte hired Purdue grads and brings jobs to Indiana 2. Endocyte spends $2.5 million/month, which should benefit the economy (~65 full time employees) 3. Endocyte pays overhead to Purdue 4. Endocyte products can save lives all around the world 5. Reconized products can improve Purdue University name recognition

13 Disadvantages to Commercialization Activities. 1. Commercialization consumes time 2. There is potential for conflicts of interest - Biased reporting of results - Exploitation of graduate students - Exploitation of Purdue University

14 Anticipating and Managing Conflicts in Commercialization Activities Jeff Roberts Frederick L. Hovde Dean College of Science Academic Leadership Forum November 3, 2010

15 Three Points Understand what a conflict is- and the difference between conflict of interest and conflict of commitment. Know Purdue s policy, and- where it is appropriatemake sure that your students, post-doctoral associates, and collaborators know it too. Optics can be just as important as reality. So disclose, disclose, disclose. Make sure that your department head is in the loop. Academic Leadership Forum November 3, 2010

16 Conflicts of Interest and Commitment FROM EXECUTIVE MEMORANDUM C-39: Conflict of Interest occurs when a Faculty or Staff member, any of his/her family or associated entity, receives personal financial reward from his/her University position in a manner which may bias the individual's judgment, or compromise his/her ability to carry out the contractual obligation for teaching, research, administrative, and service responsibilities. In certain cases where a Faculty or Staff member may benefit personally from his/her activities, this benefit may be permitted following disclosure and approval. Conflicts of Commitment relate to the devotion of time and energy to external activities. With the acceptance of a full-time appointment to the University, an individual makes a commitment to the University that is understood to be full-time in the most inclusive sense. Full-time members of the Faculty and Staff are expected to devote their primary professional loyalty, time and energy to their teaching, research, administrative and service activities. Accordingly, they should arrange outside activities and financial interests so as not to interfere with the primacy of these commitments. Academic Leadership Forum November 3, 2010

17 Purdue Policy RESOURCES ON THE WEB: POP QUIZ! Who owns an invention that is conceived part during the course of any employment, research, or scholarship activity involving use of Purdue resources? Purdue University! True or false: You must seek university approval before participating in research on a technology that you developed, but that has been assigned to a business not owned by you or a faculty member. TRUE! True or false: You must not assign students to work on a project that is sponsored by a for-profit business in which you or a member of your family own stock without University approval and oversight. TRUE! Academic Leadership Forum November 3, 2010

18 Academic Leadership Forum November 3, 2010 Disclose, Disclose, Disclose!

19 Office of Technology Commercialization MISSION Shepherd Purdue University s intellectual property towards realization efficiently, effectively, and to the maximum public benefit. 1

20 Purdue University Gross Revenue Net Revenue Distribution Policy on Intellectual Property (Policy VIII.4.1) Deduct Development Costs $900,000 Innovation: Inventors: iwidget Professor Al Inventors 100% Professor Al $150,000 Post-Doc Bee Department: Aviation Technology Development Costs: $100,000 $1,000,000 30% University 50% Post-Doc Bee $150,000 AT Dept $300,000 70% 50% Trask Fund $300,000

21 Purdue University Gross Revenue Net Revenue Distribution Policy on Intellectual Property (Policy VIII.4.1) Innovation: Inventors: iwidget Professor Al Post-Doc Bee Department: Aviation Technology $1,000,000 Inventors 30% Reward Development Costs: $100,000 University Investment 70% Sustainability