{"id":25881,"date":"2020-10-30T11:38:23","date_gmt":"2020-10-30T15:38:23","guid":{"rendered":"https:\/\/www.bu.edu\/research\/?page_id=25881"},"modified":"2023-02-01T14:38:18","modified_gmt":"2023-02-01T19:38:18","slug":"develop-a-strategy","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/research\/collaboration-partnership\/otd\/programs\/develop-a-strategy\/","title":{"rendered":"Develop a Strategy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><span>There are four main ways to bring an idea to impact (<a href=\"https:\/\/www.bu.edu\/research\/collaboration-partnership\/otd\/licensing\/\">licensing<\/a>, <a href=\"https:\/\/www.bu.edu\/research\/collaboration-partnership\/otd\/start-a-company\/\">starting a company<\/a>, <a href=\"https:\/\/www.bu.edu\/research\/collaboration-partnership\/industry-collaboration\/\">sponsored research<\/a>, and <a href=\"https:\/\/www.bu.edu\/research\/collaboration-partnership\/otd\/fundamental-research\/\">fundamental research<\/a>), but within those four broad categories are an infinite myriad of pathways. Early on in your journey, you&#8217;ll want to reach out to the <a href=\"https:\/\/www.bu.edu\/research\/collaboration-partnership\/otd\/discuss-new-idea\/\">Technology Development business development lead<\/a> for your field (sometimes called your &#8220;case manager&#8221;) to begin developing a strategy specific to your objective and life constraints.\u00a0<\/span><\/span><\/p>\n<h2>Meet with your Case Manager<\/h2>\n<p><span style=\"font-weight: 400;\">Schedule a meeting with the appropriate <a href=\"https:\/\/www.bu.edu\/research\/offices-contacts\/research-support-offices\/technology-development\/contact-technology-development\/\">case manager<\/a> based on the field of your invention. We will use this meeting to develop a strategy for bringing your idea to market. <\/span><span style=\"font-weight: 400;\">Together we will discuss your objective, assess your idea, and identify other key contacts to <\/span><span style=\"font-weight: 400;\">help with the assessment and next steps.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In subsequent meetings the Technology Development team will review any materials the PI provides. The Technology Development team may start the meeting with a brief introduction of Technology Development, our mission, and the services we provide. It is usually helpful if the PI provides a 10-15 minute overview of the technology. The Technology Development team member will then ask questions from our Idea Index aimed at better understanding:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the problem you are trying to solve,<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the solution (your technology),<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">capabilities and resources of the research team,<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">stage of development of the technology,<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">potential scope of intellectual property rights, and<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">commercial potential.<\/span><\/li>\n<\/ul>\n<h2>Idea Index<\/h2>\n<p><span style=\"font-weight: 400;\">The Idea Index serves as a diagnostic list so that all aspects of the technology are discussed. It will also help us focus in on areas that need more information or action and help tease out which of Technology Development&#8217;s services are appropriate at this time. These services include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">patent analysis and filing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">market research<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">identifying translation funding opportunities<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">mentoring<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">licensing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">team building<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">new venture support<\/span><\/li>\n<\/ul>\n<div class=\"bu_collapsible_container \" aria-live=\"polite\" data-customize-animation=\"false\"><h3 class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\">Idea Index Questions<\/h3><div class=\"bu_collapsible_section\" style=\"display: none;\"><\/p>\n<h5><b>Problem\/Solution<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the problem that you are solving?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the solution?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the current state of the art?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How is your solution better\/faster\/cheaper (e.g. advantages)?<\/span><\/li>\n<\/ul>\n<h5><b>Innovator\/Team<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the Innovator&#8217;s success in the field related to this idea?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What are the Innovator&#8217;s established industry relationships?<\/span><\/li>\n<\/ul>\n<h5><b>Technical Merit<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the current stage of development of this technology?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What needs to be done to move it forward along that development path to the next few milestones?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Is there interest and available resources (time, funding, students) to do this?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How does this approach compare with competing approaches?<\/span><\/li>\n<\/ul>\n<h5><b>IP<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What types of IP protection are available?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Are domestic and foreign patent rights preserved (e.g. have any public disclosures been made, are any expected)?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the known prior art?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Are there any known freedom-to-operate issues?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How difficult is it to detect infringement?<\/span><\/li>\n<\/ul>\n<h5><b>Commercial Potential<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What would the product be?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Who is the customer?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Who is the end user?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Is this invention a stand-alone platform or one component among many needed?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the pain point? How much does industry need this?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Market size?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Potential Licensees?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Is there a champion at a potential licensee?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Willingness of industry to license?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Regulatory hurdles?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Time to market?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If Technology Development is going to invest time and money into commercialization of a technology then we ask that the research team be committed to meeting certain milestones. Those milestones are meant to de-risk the technology and should correspond with the timing of certain events in the patent process that require additional financial support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a project requires patent analysis and\/or filing then the Technology Development team member will request that the PI complete a more throughout disclosure, the<\/span><a href=\"https:\/\/www.bu.edu\/research\/forms-policies\/technology-disclosure-form-tdf\/\"> <span style=\"font-weight: 400;\">Technology Disclosure Form<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><br \/>\n<\/div>\n<\/div>\n\n<h2>Implement your Strategy<\/h2>\n<p><span style=\"font-weight: 400;\">Inventor and Technology Development staff work together to complete specific actions, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Technology Development initiates patent filings or research (per strategy)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Together the applications and markets for the idea are researched (per strategy)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Together the idea is marketed to specific targets or new venture creation is considered<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>There are four main ways to bring an idea to impact (licensing, starting a company, sponsored research, and fundamental research), but within those four broad categories are an infinite myriad of pathways. Early on in your journey, you&#8217;ll want to reach out to the Technology Development business development lead for your field (sometimes called your [&hellip;]<\/p>\n","protected":false},"author":16125,"featured_media":0,"parent":26352,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/pages\/25881"}],"collection":[{"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/users\/16125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/comments?post=25881"}],"version-history":[{"count":9,"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/pages\/25881\/revisions"}],"predecessor-version":[{"id":40779,"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/pages\/25881\/revisions\/40779"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/pages\/26352"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/research\/wp-json\/wp\/v2\/media?parent=25881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}