LES INSIGHTS FEATURED ARTICLE
Working with the Smaller Licensing Office: Part 2
By Matthew Raymond, PhD, MBA, CLP, of Kaenn Technologies; Stephen Behm, MBA, of the University Hospitals Case Medical Center; Manoja Ratnayake Lecamwasam, PhD, MBA, of Dignity Health; and Luna Mukherjee, PhD, MBA, RTTP, CN(IP), Biotechnology Consultant
*This is the second part to the article, “Managing the Smaller Licensing Office,” which was posted in the June 16 issue of Insights and highlighted a recent webinar. You can find the first part of the article by clicking here. This part defines and summarizes steps that can be helpful in working with the smaller licensing office in order to facilitate the transaction.
Since approximately 40 percent of academic licensing offices are composed of fewer than five people, it is very likely that a licensing professional looking to license technologies from academic or nonprofit entities will engage with a smaller office. Smaller licensing offices must cope with myriad issues in their management. Although, many of these issues are shared with larger, well-staffed offices, the smaller offices have many challenges that are unique. When a licensee engages with these smaller offices, it is helpful to understand these challenges and advantages, and recognize how they can impact the deal.