Managing and Maximizing the Value of Intellectual Property:
Rights and Resources

	4.07.2009 TOPICS & SPEAKERS: Patents and Changes In Patent Case Law Ingrid A. Beattie, PhD: Mintz Levin
	Institutional Resources Available Within Partners Healthcare for Technology Commercialization Frances Toneguzzo, PhD: MGH, Partners HealthCare
	Invention Liaison Program: Finding the Path to Commercialization Seema Shah Basu, PHD: Partners HealthCare
	Experiences as an MGH Inventor and ILP Liaison Orhun K. Muratoglu, PhD: MGH
	Panel Discussion

Forum Abstract

Academic Medical Centers and Universities play a key role at the heart of the knowledge-based economy. They generate and apply new knowledge to enhance economic prosperity and quality of life. Their ability to support the application of new knowledge depends increasingly on effective management of Intellectual Property.
Good IP management is important, not only because of the financial returns that it can help generate, but because it also contributes to knowledge and technology transfer; research; teaching; and the recruitment and retention of staff. Key considerations provide a strategic framework for managing IP.

The nature of returns on IP exploitation
The nature of returns on intellectual property has a high profile currently, in view of the raised expectations that policymakers and funders have of universities in relation to knowledge transfer.   Return on intellectual property is also taken seriously by universities, as they wish to see their work put to effective use for the public good and to enhance their potential for income and further research opportunities.

Negotiations with sponsors
Universities need to negotiate agreements that give them an appropriate share in any revenues, but they also need to ensure that inventors can use results in future research. Agreements need to be framed so that the financial interests of universities, and individual researchers, do not compromise the institutions’ independence.

Incentives
Incentives can have an important role in encouraging staff to exploit IP. Incentives need to be consistent with those for other knowledge transfer activities and should apply to those directly involved in generating IP.

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