Matt Van Itallie, managing partner at Canterbury Road Partners, has spoken boldly before about the potential promises of technology transfer efforts.
At Ignite Baltimore 11 in October 2012, he outlined his vision for creating 100 new technology startups in a year’s time, mainly by taking research and ideas from universities in the Baltimore area into the commercial marketplace. Think Gatorade. Before it was the crux of hundreds of athletes’ endorsement deals, it was an experiment playing out on the football field at the University of Florida.
In the January issue of “Technology Transfer Tactics,” he and Canterbury’s Sean Pool outline five resolutions “to make 2013 the year of technology transfer.” If nothing else, one of their resolutions argues, tech transfer depends on measuring data:
No matter what else a TTO decides to do in 2013, it should develop meaningful metrics for its technology transfer goals and then collect data to measure progress. As always, the best metrics are clear, comprehensive, and conclusive. Two that we particularly recommend are:
- 90% of students who express an interest in entrepreneurship are connected to an opportunity on or near campus; and
- 75% of high-value innovations are matched to a commercialization partner.