Engaging P2F Services
The P2F process to retain temporary TTO expertise
Simon Youlton at P2F can be retained for a minimum of 2 days a
month dependent on the anticipated workload for business development
and project management or engaged at fixed rates for project due
diligence, giving staff and principal investigator commercial awareness
training, and technology audits.
Your first steps to investigating a role for P2F are outlined
below:
- Confidential Disclosure Agreements are signed
(we can use yours or one can be downloaded
at this site). It may be helpful to identify the scientists who
are inventors/leading investigators on projects to be reviewed.
This may not be necessary in the case of the General Retainer
as specific projects can be discussed after the contract is set
up.
- Decide on which of the 5 services
you require:
General Retainer:
This is designed to provide a full service replacing the life
science portfolio of an existing FTE and includes all services commonly
conducted by a senior technology transfer professional including,
chaperoning invention disclosures from scientists and proposing
scientific and commercial development strategies, filing and monitoring
progression of existing patent applications, identifying and negotiating
heads of terms for license / collaboration agreements, advising
on the commercial aspects of legal agreements in process and dealing
with ancillary agreements such as inter-institutional agreements
for revenue shares as well as founding shareholder agreements for
start-ups. The service includes site visits to interview scientists
on the ground. Our rates are €380 per day
Business Development:
Business Development is project marketing, promotion, partner
identification and then, contract negotiation to heads of terms.
The goal is to identify a willing licensing or collaboration partner.
We only invoice HALF of our total anticipated time until such a
partner is identified and willing to negotiate terms. For instance
if we anticipate and the client agrees to 8 days work to identify
a partner over 2 months we will only invoice for the 4 days in month
1 and will not invoice the second months work until a partner is
found. Our rates are €380 per day and total number of days
can be capped by agreement at the beginning of the project*
Project Due Diligence:
Project Due Diligence is the first or second independent review
of the scientific background of a project in the context of analysis
of risk/benefit in taking this project forward as a TTO project.
It assesses the science in the context of intellectual property
and commercial upsides and risk. It provides reassurance or offers
warnings that may be taken more seriously by the inventors if also
arising from an independent reviewer as well as the internal TTO.
It provides a written report of the prior art issues, a simple freedom
to operate report and identifies likely partners.
- We can undertake such reviews internally at P2F and/or by sourcing
the best expertise available through our affiliates under confidentiality.
Using our network model
we have the ability to source scientific expertise and court the
views of those that have worked in a relevant industry. You can
choose to decline the network model in which case the review will
be guaranteed to be conducted internally.
- A report is provided (a minimum of 4 pages) specifying our findings
including relevant prior art, a list of possible potential industrial
partners, public and private competitors and recommendations to
proceed.
- The cost of this service is fixed at €400 per project.
Technology Audit Report:
In some circumstances a TTO Director may just need to know the
‘asset value’ of current life science projects and likely
commercial and development strategies required. We recommend an
on site visit to meet with the inventors/ lead investigators. These
audits can also be used by the TTO as an assessment of all the life
science projects currently on the books in the form of a written
report which is provided relating to each scientist and the commercial/translational
potential of their projects with recommendations to go forward.
Audits are charged at a daily rate of €380 with twice as many
desk research days as the number of days on site *
Seminars and Training:
Having been directly involved in all aspects of the life science
commercialisation process, including designing development strategies
and experiments for translational proof of concept, negotiating
and engaging partners on collaborations and licensing deals with
up to seven figure up-fronts, organising a successful management
buy-out, co-owning and running a small life science company, launching
brands and distribution channels; identifying technologies and bringing
together founders of new biotech start-ups, writing business plans
and securing Series A investment and serving on Boards of young
start ups in a business development capacity, Simon Youlton is keen
to transfer such skills and prepare any would-be budding entrepreneur
currently working at the bench. General seminars can be provided
on basic principles of patenting, and working with industrial partners
as well as the necessities of forming a spin out company from academic
research. The topic can be personalised to meet your key goals.
Rates start at €750 day*
|
