15 institutions partnered to create a centralized pool of licensed IPs
earlier this year, 15 top US universities joined forces to start a one-stop shop, where corporations and startups can search and license patents.
Concert, Brown, Caltech, Columbia, Cornell, Harvard, University of Illinois, Michigan, Northwestern, Penn, Princeton, SUNY Binghamton, UC Berkeley, UCLA, University of Southern California and Yale University of Technology Licensing Program LLC (UTLP) licensed IP To create a centralized pool.
Higher education institutions comes as UTLP are upping their investment in the entrepreneurial pipeline to help more students begin graduation. In some examples, schools serve as accelerators, providing resources to students and helping them connect with VC to search for seed money.
To find out more about the new program and the university-to-startup pipeline, we talked to the following:
The UTLP initiative focuses more on licensing IP for existing companies rather than accelerating university startups.
Orin Herskowitz: UTLP’s effort is actually about licensing a somewhat broken interface between universities and very large companies in the tech sector when it comes to licensing intellectual property. But I know that USC and Columbia and many of our peers, especially in the last three to seven years, have helped our faculty students fulfill their entrepreneurial dreams and start startups around this exciting university of technology Has worked extensively.
The word “broken” jumped on me. Historically, what is the problem?
Orin Herskowitz: Universities have traditionally been a source of amazing, life-saving and life-improving inventions for decades. Google has a ton of new drugs and medical devices, cybersecurity improvements and search engines that have come out of universities in the last few years, which were federally funded and developed in laboratories, and then they are either Startup or Licensed Industry. And it did very well. Over the last few decades at least, that interface has, in fact, worked really well in some areas, but less well in others. Therefore, in life sciences, in energy, in advanced materials, in those industries, a lot of the time, these innovations that make a big impact on society are actually based on one or two or three core Eureka moments. For example, there is one or two patents that are a major cancer drug.
In the tech space however, this is a very different dynamic because, over time, these inventions are incredibly important and they launch a whole new generation of products and services, but the problem is that a new device, such as the iPhone , Or a piece of software, can rely on dozens or hundreds of innovations from many different universities as opposed to just one or two.
Obviously not every success needs the launch of a startup. I think most of these things that are coming up would make the most sense to work with existing companies.
Jennifer Dyer: We have all focused on this renewed focus on innovation within the university and are really helping our students and teachers who want to launch companies that want to start companies. If you look at the space, to help educate our students that launching a company in a high-tech space may mean they have to get 100 different licenses, so maybe that makes sense Is not. We are not obtaining any licenses, and this does not prevent anyone from proceeding with this technology. This is probably the first pool in the high-tech space to have non-essential patents, which makes it somewhat unique. Because if you look back, most of the pool standards have been around the required patents.