T3 Technion Technology Transfer

T3 Technion Technology Transfer is the technology transfer unit of the Technion – Israel Institute of Technology in Israel. The unit operates under the auspices of the Technion Research & Development Foundation.

The Calatrava Obelisk at the heart of Technion City.

Overview
The Technion Computer Science Faculty.

T3 is staffed by an 11-member team whose focus is to commercialize new ideas in science and technology from Technion in Israel, by finding investors and entrepreneurs to develop commercial applications. This includes licensing intellectual property and the establishment of start-up companies. The team has been described as "the private sector's gateway to Technion innovation".[1]

As of 2011, 424 patents were granted to Technion innovations, with 845 patents pending. T3's partners include incubators, entrepreneurs, private investors, venture capitalists and angel groups. It also conducts strategic partnerships with multinational companies such as Microsoft, IBM, Intel, Philips, Johnson & Johnson, Coca-Cola, and others.

The name T3 was taken to represent the three 'Ts' in Technion Technology Transfer, and to indicate that scientific breakthrough is taken to another dimension (cubed) when developed and applied as solutions in the real world.[2]

Since 2005, the unit has been managed by Benjamin Soffer, a lawyer who has served on the board of directors of companies including Genegraft, SLP Ltd, Regentis Biomaterials, EORD, Guide-X and Slender Medical. Soffer was special advisor to Israel's Chief Scientist at the Israeli Ministry of Industry and Trade.[3]

Commercialization strategies

T3's strategy is to escort Technion technologies from the initial point of discovery, through the process of development and licensing, to the formation of ventures with industry. Commercialization strategies are tailored to the requirements of each venture, in order to enhance the market value and performance of Technion discoveries and increase their success in the global marketplace.[4] This includes:

  • Analysis of new inventions and concepts developed at the Technion
  • Licensing technologies developed at the Technion
  • Incorporation of spin-off companies based on Technion IP
  • Participation in the board of directors of affiliated companies
  • Negotiation and approval of the IP and business aspects of agreements with industry[5]

Major developments
Rasagiline

Rasagiline is a drug to treat Parkinson's disease discovered by[6] Prof. Moussa B.H. Youdim of Technion and John Finberg. It was developed in collaboration with Teva Pharmaceuticals Ltd, in Israel. Having won U.S. Food and Drug Administration approval, the drug is now marketed worldwide as Azilect.[7][8]

Start-ups formed with T3 patents
  • Mazor Surgical Technologies: Mazor has pioneered the development of miniature, semirobotic bone-mounted positioning systems for a range of orthopedic procedures.
  • Biosense Inc.: A company that developed a 3-D cardiac mapping and navigation technology.
  • FineTech: offering sophisticated chemical products and services to the pharmaceutical industry.
  • Regentis Biomaterials Ltd.: a medical material development company involved in the cartilage repair market.
  • Corindus Ltd.: a company providing robotic technologies for catheterizing laboratories and radiology/special procedure suites.
  • Pluristem Therapeutics- engaged in the development of human placental adherent stromal cells for commercial use in disease treatment.

Examples of T3 patents
  • Novel hypergolic fuel[9]
  • Source of intense coherent high-frequency radiation[9]
  • Three-dimensional video scanner[10]
  • Highly sensitive, real-time structural monitoring[11]
  • Compact direction finding antenna[12]
  • Silicon air batteries[13]
  • GeomCore - outstanding 3D graphics[13]
  • Adaptive queue management (software and algorithms)[13]
  • Tandem eletrocyte fuel cell[13]
  • Learning control scheme for hybrid vehicles[13]

Programs

Entrepreneur in residence program

The unit runs an Entrepreneur In Residence program, in which global entrepreneurs are recruited and are given the chance to license new Technion technologies. The program normally requires a minimal amount of equity and the presentation of a business plan. As part of its effort to attract entrepreneurs, the group uses its network of venture capitalists, Incubators, head-hunting firms and service providers.[14]

Finders

The Technion liaises with global professionals from various industries, in order to spread information about Technion innovations to potential partners.

Mentorship program

The Mentorship Program (based mainly on Technion alumni) T3 engages serial entrepreneurs as mentors to fledgling entrepreneurs/researchers. These mentors offer their experience, network and understanding of industry and provide insights as to the preferred commercialization route or application. The mentor is often engaged as a paid consultant supporting the commercialization efforts,

Investment opportunities fund

The Technion has secured an internal US$10 million fund called the Technion Investment Opportunities Fund. The fund invests in syndication with other investors and aims to preserve the equity stake in Technion related companies.

Internal applicable research funds

One of the biggest challenges in technology transfer is the gap between early research products, and the level of evidence investors need to support further research. The Technion's internal applicable research funds are aimed at bridging this gap by taking promising projects beyond the proof of concept stage.[15]

Awards

The Technion awards researchers, inventions, developments and publications from its scientists that have a profit potential. The goal of the award is to encourage entrepreneurship in research. The researchers are rated based on commercial applicability (such as potential market share), and technological maturity.[16]

The Technion network

The American Technion Society and global Technion societies have created an international network. Many members of Technion Societies are prominent leaders in their respective fields. T3 makes every use of this international source of expertise in the service of its on-going commercialization effort.[17]

Outside Activities

Webinars

The Technion has initiated a webinar program aimed at presenting Technion innovation to an audience of investors, industry leaders, entrepreneurs, corporate executives, in-licensing officers and service providers. The purpose of this program is to increase visibility and to assist in marketing and commercialization efforts.[18][19][20] Independently, T3 maintains an active presence in the social media on LinkedIN,[21] Facebook[22] and Twitter.

MBA – global patent course

This program is the result of a combined effort by the Dingman Center for Entrepreneurship at the University of Maryland, T3 and Technion's MBA program. Within this initiative, MBA students (an equal amount of Israeli and American students from Maryland University and Harvard University), collaborate on a business plan aimed at commercializing patents and technologies developed by Technion researchers.[23] The course offers hands-on experience in commercialization and starting a company involving a real-life innovation. At the end of the course, students present their business plan to a group of seasoned venture capitalist and serial entrepreneurs.

Internal technology transfer seminars

The group conducts seminars and workshops to Technion faculty and graduate students dealing with different aspects of commercialization, e.g., patenting, entrepreneurship, finance, fund raising, licensing, company formation[24]

Professional conferences

The members of the team presents in national and international conferences related to commercialization, licensing, and technology transfer. These include the Israeli, European and US Biomed conferences,[25] AUTM conferences,[26] and Nanotechnology conferences.[27]

AMIT

The Technion is the first university outside of the U.S. selected by Alfred E. Mann to be a part of his network of Alfred Mann Institutes (AMIs). The Alfred Mann Institute at the Technion (AMIT) was established with an endowment exceeding US$100 million.[28] Among the patents developed by AMIT is the electronic nose to sniff out cancer, invented by Hossam Haick[29]

References
  1. "Washington Israel Business Council (WIBC) | (206) 219-3770 | info@wa-israel.biz". Archived from the original on April 25, 2012. Retrieved October 4, 2011.
  2. "Focus | Technion - Israel Institute of Technology". Archived from the original on August 16, 2011. Retrieved October 4, 2011.
  3. "Speakers and Panelists". Silicomventures.com. 2001-09-11. Retrieved 2015-12-09.
  4. Hi-Technion היטכניון: 2010 issue No. 4567 (Hebrew - print version.)
  5. "Overview | T³ - Technion Technology Transfer". T3.technion.ac.il. Archived from the original on 2012-09-30. Retrieved 2015-12-09.
  6. "Prof. Moussa Youdim". www.emetprize.org. Archived from the original on 3 April 2012. Retrieved 17 January 2022.
  7. "Prof. Moussa Youdim - Neurodegenerative Disease Therapies Parkinson's Alzheimer's". YouTube. 2010-06-07. Retrieved 2015-12-09.
  8. "Special Issue Dedicated to Dr. Moussa Youdim". Neurochemical Research. 32 (10): 1623–1624. 2007-06-27. doi:10.1007/s11064-007-9411-0. S2CID 39848832.
  9. "Israel Tech Transfer Organization :: Technology Opportunities". ITTN. Retrieved 2015-12-09.
  10. "Israel Tech Transfer Organization :: Technology Opportunities". ITTN. Retrieved 2015-12-09.
  11. "Israel Tech Transfer Organization :: Technology Opportunities". ITTN. Retrieved 2015-12-09.
  12. "Israel Tech Transfer Organization :: Technology Opportunities". ITTN. Retrieved 2015-12-09.
  13. "T3 Book of big Ideas" (PDF). 2011. Archived from the original (PDF) on December 3, 2011. Retrieved 2023-05-25.
  14. "T³ - Technion Technology Transfer". Archived from the original on June 13, 2010. Retrieved December 7, 2011.
  15. "Funding Resources - Full list". Technion.ac.il. Archived from the original on 2013-10-11. Retrieved 2015-12-09.
  16. "Techion Focus" (PDF). Focus.technion.ac.il. May 2005. Retrieved 2015-12-09.
  17. "From Lab to Marketplace: The Technion's Role" (PDF). September 15, 2011. Archived from the original (PDF) on October 28, 2011. Retrieved September 24, 2011.
  18. "Innovative Ultrasonic Technology". Archived from the original on August 25, 2011. Retrieved October 4, 2011.
  19. "Technion Focus". pard.technion.ac.il. Archived from the original on 15 July 2012. Retrieved 3 February 2022.
  20. "Non Invasive Cosmetic Surgical Technology from the Technion | the Wadi". Archived from the original on June 19, 2011. Retrieved October 4, 2011.
  21. "T3 -- Technion Technology Transfer | LinkedIn". www.linkedin.com. Archived from the original on 3 September 2012. Retrieved 3 February 2022.
  22. "T3 ~ Technion Technology Transfer". Facebook. Retrieved 2015-12-09.
  23. "Robert H. Smith School of Business - University of Maryland, College Park". Archived from the original on August 10, 2011. Retrieved November 30, 2011.
  24. Soffer, Benjamin. "From Research to Commercialization" (PDF). Workshop.ee.technion.ac.il. Retrieved 2015-12-09.
  25. "BioMed" (PDF). June 15–17, 2009. Archived from the original (PDF) on April 25, 2012. Retrieved October 4, 2011.
  26. "AUTM". Archived from the original on September 30, 2011. Retrieved October 4, 2011.
  27. "Home". Kenes.com. 2014-03-25. Archived from the original on 2016-01-18. Retrieved 2015-12-09.
  28. "PINT | San Diego advanced web development". Mannfbe.org. Retrieved 2015-12-09.
  29. "Hossam Haick | National Post". Archived from the original on July 16, 2012. Retrieved October 4, 2011.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.