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April NATIONAL IP PROTOCOL ROADSHOW ARRIVES IN GALWAY
NATIONAL IP PROTOCOL ROADSHOW ARRIVES IN GALWAY
- Minister Halligan launched 2019 National IP Protocol, referencing Ireland’s “competitive edge”
- Protocol provides a practical framework for businesses to access and use Irish research with a dedicated section on the formation of spin-out companies
- NUI Galway spin-out company Loci Orthopaedics shares its spin-out experience with attendees
Knowledge Transfer Ireland’s (KTI) national roadshow to present the IP Protocol 2019 to businesses and researchers around the country, arrived in NUI Galway today. The Protocol, which is in its third edition, is produced and managed by Knowledge Transfer Ireland on behalf of the Department of Business, Enterprise & Innovation. It provides a practical, best practice framework for businesses, from start-ups and SMEs to large multi-nationals and entrepreneurs to access and utilise Irish research to drive economic growth.
The Protocol sets a benchmark for good practice in the commercialisation of valuable intellectual property all around the country, on terms that are fair to researchers and business alike, and in ways that are predictable and consistent from one negotiation to the next.
The IP Protocol has been a reference point for business and research communities since it was first produced by the Department in 2012. This new Protocol is an update to the previous IP Protocol published in 2016. Recognising the significant numbers of spin-out companies coming out of research performing organisations around the country, the new Protocol includes a dedicated section on best practice in the formation of spin-out companies. It also includes a summary of the issues relating to state aid in the commercialisation of research.
Brendan Boland, CEO of Loci Orthopaedics, an NUI Galway-based spin-out company, shared his first-hand experience of growing a spin-out company with attendees at the event: “One in 10 of the general population and one in three women over 55 suffer from thumb base arthritis and through our research with NUI Galway, a hugely innovative implant for the treatment of this condition came into being. With the support of the Innovation Office at the University, we have been able to take this technology and spin out of the lab and onto the path of commercialising it for the benefit of arthritis sufferers around the world.
“I am very pleased that the IP Protocol 2019 includes a new chapter on spin-out company formation which is a great acknowledgement of the importance of university spin-outs in the start-up ecosystem of Ireland and I look forward to sharing some of the highs and lows from our journey so far with attendees at today’s 2019 IP Protocol launch.”
Commenting, Minister Halligan, Minister of State at the Department of Business Enterprise and Innovation and the Department of Education and Skills, said: “The commercialisation of public research to drive innovation and Ireland’s economic competitiveness is a key pillar of the Government’s innovation strategy, Innovation 2020. While investment in research performing organisations the length and breadth of the country is critical, it must go hand in hand with an effective strategy to put that research into the hands of businesses for the benefit of the Irish economy and society. The National IP Protocol is a key element of that strategy.
“In today’s climate, more than ever, it is vital that we harness the considerable abilities of Ireland’s researchers, so as to give businesses the best possible competitive edge on the European and global stage.”
Commenting, Alison Campbell, Director of Knowledge Transfer Ireland, said: “I am delighted to welcome the publication of the new IP Protocol. The new section on spin-out company formation developed in consultation with people operating at the coal-face is particularly welcome and was drafted to address a gap in the framework. The range of practical tools produced by Knowledge Transfer Ireland that are referenced throughout the Protocol and its associated Resource Guide have been expanded. The aim of these tools is to provide relevant resources that demystify knowledge transfer and allow commercialisation and collaboration to flourish, while protecting the interests of all parties and freeing up researchers and businesses to get on with the business of innovating.”
The National IP Protocol 2019 comprises two documents:
1) the policy document which sets out the framework underpinning research collaboration and access to intellectual property from state-funded research.
2) the resource guide which provides an overview of the national IP management guidelines and links to a wealth of resources and template documents that support these guidelines. It also provides an overview of the knowledge transfer structures in Ireland and the kinds of agreements that can be used to formalise research-industry engagements and spin-out company-related contracts.
The Protocol is the product of an extensive consultative process facilitated by Knowledge Transfer Ireland with representatives from industry, investors, entrepreneurs, agencies and research organisations to ensure that Government policy supports all types of enterprises engaging with publicly-funded research in Ireland.
For more information or to download the National IP Protocol 2019 visit www.knowledgetransferireland.com/managingIP