MIT TLOSource: Dominick Reuter, MIT News Office, MIT Image Library

Lesley Millar-Nicholson Director, Technology Licensing Office

@mit_tlo

MIT’s I&E-focused student groups

Source: MITii

Innovation and Entrepreneurship at MIT

Source: MITii

Source: MIT OVPR 2015 Briefing Book

From Next Gen Spacesuits to…

Research: Dava Newmanhttp://news.nationalgeographic.com/news/2007/07/photogalleries/spacesuit-pictures/index.html

Cool new tools and beyond…

A new concept for battery cathodes Image and Research:Ju Li et al

Light can “heal” defects in some solar cells.

Image and Research: S. Stranks & V Bulović et al.

A pen to helping screen for dementia and other cognitive disorders. Image and Research: R Davis et al.

Image: M. O’Reilly, Research: M Bawendi

Mobile phone compatible quantum dot spectrometer

Illustration: Jose-Luis Olivares/MIT, Research: L. Stirling et al

Vibrating footwear

New database interface. Image: Researchers and MIT News Research: E. Bakke & D. Karger

New, portable, and low-cost optometry system.

Research: Raskar, Pamplona et alImage: Tiago Allen

The Role of the TLO• Receive and evaluate new ideas ‘inventions’ and ‘creative

works’ from faculty and researchers

• Identify, protect market and license intellectual property

• Engage with joint owners to ensure appropriate management of MIT owned IP

• Assist in the transfer of materials to and from third parties

• Coordinate, review and approve Use of Name requests at MIT

• Manage MIT’s Trademark Licensing Program and compliance of Trademark Use

The Role of the TLO

• Identify background IP required for sponsored research agreements

• Work with OSP on IP terms for sponsored research

• Manage collection of IPIA’s on behalf of the Institute

• Manage open source licensing

• Problem solve on IP related issues with faculty, students and post docs

• Provide educational material, seminars, workshops on IP and commercialization

• Distribute royalty revenue to MIT and faculty inventors

MIT Licensing Office FY 2016

• Royalty income $48.7 million• Equity cash-in $ 0.9 million• Operating expense $ 5.9 million• Patent expense $21.0 million

– (Reimbursement = $12.5 million)• Inventors $11.7 million• Other institutions $ 4.2 million• MIT Departments, Labs, & Centers $ 4.7 million• MIT General Fund $13.4 million

MIT Licensing Office 2016

• Staff 42

Officers & Associates 24 Associates & Support 18

• Invention Disclosures 800• Patents filed (new US utility apps) 293• Patent issued (all US utility) 279• Licenses and Options 134

Licenses (start-ups) 110 (25) Options 24

• Active, revenue-producing agreements 450• Active IP assets ~6,557