AIMBE Session III: Fostering Innovation

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AIMBE Session III Fostering Innovation
Accelerating Commercialization of
InventionsHow can universities and business
collaborate more effectively to bridge the gap
and accelerate commercialization of university
inventions?

• Josh Makower, MD
• Consulting Associate Professor, Stanford Medical
  School
• President CEO, ExploraMed, Inc.
• Venture Partner, New Enterprise Associates

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Program in Biodesign
needs invent med tech patent license
collaborate cost effective surgical
innovation license Stanford FDA
discovery technology transfer
ethics policy prototype reimbursement
specialty innovation teamwork outcomes
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Philosophy
Our mission is to educate the next generation of
biomedical technology innovators who will lead
the future of healthcare.
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Program in Biodesign
technology transfer
invention discovery
ethics policy
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Paul Yock, Josh Makower, Craig Milroy, Chris
Shen, Richard Popp, Sandy Miller, Roula El-Asmar,
Christine Kurihara, Mary Gorman, Abigail Garner,
Deborah Gruenfeld, Bobby Robbins, David Kelley,
Greg Lambrecht, John Simpson, Angela Macfarlane,
Tom Fogarty, Fred St. Goar, Jim Joye, Greg
Robertson, Tom Hinohara, Sonja Uy, Ginger Graham,
Mir Imran, Simon Stertzer, Michael Berman, John
Abele, Linda Hogle, Bill New, Ted Lamson, Jack
Lasersohn, Juliet Bakker, Alan Yeung, Eberhard
Grube, John Nehra, Phil Young, Ross Jaffe, Wil
Samson, Paul Auerbach, Aaron Kaplan, Tim Mills,
Carl Simpson, Alan Kaganov, Brett Stern, Claude
Vidal, Charlie Taylor, Jim Geriak, Sara Toyloy,
Dennis Donohoe, Judy Hickey, Jim Swick, Gheeta
Rao, Peter Fitzgerald, Bob Croce, Gil Kliman,
Kevin Connors, Ken Widder, Steve Salmon, Brook
Byers, Alan May, Mike McConnell, Bob Hu, Tom
Andriacchi, Larry Tanenbaum, Chuck Holloway,
George Foster, Howard Holstein, Frank Fisher,
Jack Gill, Hank Plain, Leslie Bottorf, Rich
Ferrari, Brad Vale, Brent Constanz, Andy Rasdal,
Alan Will, Tracy Lefteroff, Casey McGlynn, Jim
Shapiro, Bob Curtis, Wilf Jaeger, Tina Seelig,
Mark Wan, Josh Green, Bill Fearon, Bonnie Hiatt,
Greg Kovacs, John Linehan, Thomas Krummel,
Michael Gertner, Geoff Gurtner, Jay Watkins,
Aimee Angel, Kelly Miller, John Adler, Paul Wang,
Ali Hassan, Sandy Miller, Roula El-Asmar, Chris K
Real-world faculty
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Our products
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Our byproducts
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Why cant most university inventions be
commercialized?
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A Question Of OTL Focus

• Why patent university inventions?
• Answer 1 To allow the university to make some
  return on its investment and participate in the
  financial upside.
• Answer 2 To permit industry to successfully
  commercialize the invention for the benefit of
  society.

Business University OTL Should Be On The Same
Side!
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Why such a low hit rate?

• Universities develop technologies not products.
• If we agree on the above, why do we want to
  measure our success developing technologies by
  measuring how many licenses weve spawned?
• Whats missing?

A Focus On Customer Needs
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Identifying The Right NeedThe Genetic Code Of
The Project

• Frame The Problem
• Understand The Objective
• Specify The Parameters ? Need Spec

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How to bridge the gap?...

• Do we really want to?
• If we do, then we must lower barriers
• Conflict of Interest Management Not Avoidance
• Bring In Industry As Teachers / Mentors /
  Collaborators
• Focus on real problems and stay close to the
  need
• Recognize what universities do well and stay true
  to the academic research mission

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Thank You!

• jmakower_at_cvmed.stanford.edu