So, I know I am not as scientifically proficient as many of the licensing staff in the MIT Technology Licensing Office, by design not accident I assure you. So, this clip (I think) shows what I am good at, in UK parlance 'my sums'. The #data, numbers, setting expectations and understanding that in #techtransfer, not everything that goes into the #pipeline is going to come out with a healthy return ($$), or even any return. However, that's the nature of the game. We have to take reasonable risks to have impact through the transfer of cutting edge scientific research to small, medium and large enterprises. We need to manage our #resources wisely, for the long term, and we need to keep our university stakeholders fully informed about how much it takes ($$) and how long it takes (years) for other parties to actually further develop the technologies they license from universities. (note, hopefully that's what the clip is actually about as I cannot bear to watch or listen to myself again! :) ). Oh, and enjoy the graphics courtesy of Laura Skinger and Robyn Bunch.
Ever wonder how innovations make their way from the lab to the market? In this clip from Lesley Millar-Nicholson's IAP Golden Speaker Series presentation, we explore the critical role of technology transfer in converting research funding into real-world revenue.
Lesley Millar-Nicholson is the Executive Director of Massachusetts Institute of Technology's Technology Licensing Office (TLO) and was part of the Founding Leadership team of MIT Office of Strategic Alliances and Technology Transfer (OSATT Core) formed in 2019. As TLO Executive Director, she leads a team of technology transfer professionals. Ms. Millar-Nicholson is a past President Board of Governors of Certified Licensing Professionals Inc, a member of AUTM and the Licensing Executive Society, and a past Board Member of Cambridge Enterprise UK. A native of Scotland, Ms. Millar-Nicholson has a B.Ed., M.Ed., MBA and is a Certified Licensing Professional.