PATES™ Model Presented To Virginia Technology Transfer Leaders
CHARLOTTESVILLE, VA. January 23, 2009 — The Academic Licensing Community of Virginia (ALCOVe), meeting at the University of Virginia Patent Foundation, invited SHINE President Jeff Thomas to present SHINE’s patent pending PATES™ model for assessing the commercial viability of intellectual property (IP).
Created in 2003, ALCOVe serves the technology transfer professionals of Virginia’s academic and non-profit research institutions. Its membership includes technology transfer directors, licensing professionals, patent attorneys, and others together constituting a valuable network of experience and contacts for commercializing inventions from their respective institutions. ALCOVe members attending the meeting represented Eastern Virginia Medical School, George Mason University, James Madison University (JMU), Old Dominion University, the University of Virginia, Virginia Commonwealth University, and Virginia Tech.
Mr. Thomas emphasized the two primary goals of PATES™ – determine commercial viability and maximize return to the IP owner – as well as the marriage of technology, process, and expert analysis to enable the first goal to be achieved in 30 days or less. Using the PASS™ from a recent SHINE assessment of microfluidics technologies for member JMU, he highlighted the elements of a PATES™ analysis as well as the actionable recommendations captured in a PASS™ presented during the meeting.
Attendee and SHINE Chief Scientist Dr. Terry Woodworth was “impressed with the discussion our PATES™ presentation stimulated among the ALCOVe members. Among other benefits, third-party analyses like PATES™ will help ALCOVe identify opportunities for bundling complementary technologies across Virginia’s research institutions. We share ALCOVe’s commitment to moving Virginia’s innovations effectively and optimally into the marketplace.”
About SHINE
SHINE Systems & Technologies (SHINE; www.shinesystech.com) is a management consultancy headquartered in Charlottesville, VA. SHINE Systems is focused on enabling clients with end-to-end solutions that leverage workflow, technology integration, collaboration, and innovation. Our client base includes the Federal Government, State and Local Governments, Non-Profits, and Commercial firms. SHINE’s subject matter expertise encompasses military and business Intelligence Analysis, Fusion, and Analytics; web and non-web based Software Engineering; Business Process and Workflow Engineering, Re-Engineering, and Optimization; Collaboration and Strategic Planning; the Information Technologies; the Health and Life Sciences; and Intellectual Property management and commercialization.
About PATES™ (patent pending)
SHINE’s patent-pending Patent/Technology Exploitation System (PATES™) rapidly and efficiently analyzes intellectual property (IP), including pre-patent technologies as well as provisional or issued patents, to achieve two goals: 1) determine the commercial viability of the IP, and 2) maximize the return to the IP owner. PATES™ marries technology, process, and expert analysis in a structured, disciplined model that produces an objective, actionable assessment in 30 days or less. The Patent/Technology Analysis Summary Sheet (PASS™) offers customers an actionable summary of the PATES™ unique assessment as well as a roadmap to commercialization. Included in this assessment are IP overlap analysis, innovation/market landscape and commercial opportunities, and recommended next steps to commercialize the technology.