Intellectual Property in Life Sciences

Commercialisation of Ideas in Life Sciences

Description

In Life Sciences, academic research is the source for many key discoveries from life saving drugs to cutting edge biotech. However, academic research on its own is not enough to take these inventions to commercial success. In this course, Peter Hotten, Royal Society entrepreneur-in-residence at Swansea University, shares his expertise on how to commercialise ideas in Life Sciences.

Duration
This unit has 0 Minutes of videos.

Unit Progress

100%
Modules
  1. How do you find a commercially viable idea in life sciences?
  2. Managing IP to protect ideas and investment
  3. How to choose the right business model
  4. What should the business plan look like?
  5. How can IP Analytics help in biotech?
  6. How to make a commercial impact with a research idea
  7. Summary
  8. Quiz

Modules


Module 1

How do you find a commercially viable idea in life sciences?

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With over thirty years' experience in the biotechnology sector, in this video Peter starts by discussing: a framework for commercialization, what to look out for in market research and how evaluating the competition can help determine next best steps.

Additional Resources
Apropos IP: "The Budget: Missed opportunity for incentivising IP creation?"
Module 2

Managing IP to protect ideas and investment

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Patents have a lifetime that is compatible with the life sciences drug development market. In other areas of life sciences, such as food formulations, the patent protection lifetime may not be sufficient. In this video, we discover which IP strategies to choose and why, as well as the importance of documenting know-how in order to provide security. We also examine the art of layering IP to create a thicket of protection for investment.

Additional Resources
Apropos IP: "Creating and protecting shareholder value - an IP perspective."
Module 3

How to choose the right business model

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In this module, we look at the entire process from idea to multinational. What choices should we make, how do we get there, how do we engage with other people? We investigate the technology readiness levels, how that relates to skills that the organization has within its people and how this in turn determines which decisions will create the best results and maintain value for future stakeholders.

Module 4

What should the business plan look like?

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The business plan is a dynamic document that can serve many purposes. What are the key elements and why is it so important to articulate your vision before you decide which steps to take? In this module, we use the example of an engineering company that needs to decide whether it offers a standalone solution, or whether it is set to become a supplier. We look at how the same technology can fare differently under various business models, the importance of action points and why IP needs to be part of all of the business plan sections.

Module 5

How can IP Analytics help in biotech?

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In this video we take a look at what patents can - and what patents can't - tell you about an industry segment. We use the example of bionanotechnology in combination with landscape analytics to determine the maturity of various applications of technology and discover how IP analytics could broaden the scope of your invention to make your technology more valuable.

Additional Resources
Pharmaceutical vs Biotech: Chemistry vs Biology
Module 6

How to make a commercial impact with a research idea

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Throughout this series, Peter has stressed the importance of intellectual property at every step of the commercialisation journey. But, how does this play out in practice. In this video, we look at how knowledge of (or lack of knowledge of) patents played out in the fortunes of four companies, in the form of licensing, missed opportunities, new large scale opportunities and novel applications discovered from risk and gap analysis.

Module 7

Summary

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A look back of what we have learned on this course and some additional information for learners.

Test Your Knowledge

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