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Innovation @ VCOM Advancement in healthcare is enabled by Innovation Topics • • • • • Michael Miller Background VCOM-CCI Alliance How Commercialization Works Policies and Procedures Cleveland Clinic Resources Available Michael Miller Background • BS, MS Math & Physics • 30+ years experience in development and commercialization of high tech • Fortune 500 companies, startups • Technology Business Management Consultant; Mentor • High Tech Business Founder, CEO, CIPO • Virginia Tech Intellectual Properties • Economic Development Commission, Workforce Investment Board • Technology Columnist for Valley Business Front • FATHER OF JESSICA MULLER Cleveland Clinic • 4th largest hospital system in US • 2nd largest group medical practice in US (Mayo is #1) • >40,000 employees, mostly in Cleveland • 3,000 staff physicians, 1,500 residents • 120 specialties and subspecialties • ~4 million patient visits per year • ~100,000 admissions • #1 for Cardiac Care for past19 years Cleveland Clinic Innovations • Started in 2000 to commercialize inventions by Cleveland Clinic Inventors • 66 startups, $750M equity investment • 450 technology licenses • 2,200 patent applications; 525 issued patents • Cleveland Clinic Healthcare Innovations Alliance formed in 2010 Cleveland Clinic Healthcare Innovation Alliance • The Healthcare Innovation Alliance is a program to manage the innovation and commercialization functions for hospital systems, academic institutions and corporate partners across the country. We leverage the size and capabilities of the collective Alliance to improve the visibility of innovative products and to expedite commercialization. Cleveland Clinic Healthcare Innovations Alliance Cleveland Clinic Healthcare Innovations Alliance VCOM MISSION The MISSION of the Edward Via College of Osteopathic Medicine (VCOM) is to prepare globally-minded, community-focused physicians to meet the needs of rural and medically underserved populations and promote research to improve human health. To foster a culture of faculty growth and institutional excellence through Annual review and research on new developments in medical education, new delivery models and technology; and Support for faculty research, innovation, and scholarly work in the areas of biomedical, clinical, educational, public health and health policy research. To advance scientific knowledge through medical research. Priority 1: Biomedical Research Priority 2: Clinical Research Priority 3: Educational Research/Osteopathic Principals and Practice Unique Position VCOM is uniquely qualified and positioned to introduce innovation into Osteopathic Practice: • Will soon be the largest osteopathic college in the US • Novel educational process and practice opportunities • Target underserved populations • Low budgets mean improvisation • Improvisation is innovation • Access to the entire Appalachian region • Access to Cleveland Clinic Innovation Alliance Medicine is Innovation Bloodletting surgical instruments Former President George Washington Medicine needs Innovation Medical Innovations Medical Innovations Medical Innovations Medical Innovations Medical Innovations Important pharmaceutical for control of blood pressure Unintended Consequences • Why do Americans eat so much beef? Medical Innovations • Physician in Apalachicola, FL • Researched tropical diseases • Outbreak of malaria and yellow fever in 1841 • Theory of “Bad Air” • Patented ice-making machine to create cool air for patients John Gorrie What about the beef ? • His ‘air conditioning’ invention did not cure malaria, but was used to create refrigerated rail transport cars • Allowed (for the first time) butchered beef to be transported from the stockyards in the midwest to consumers in eastern cities • Oh, and we got air conditioning in our houses, too. Innovation Process Innovation does not happen for its own sake; the point is to push the innovations out to the public where they can be used for the good of all. That means that somebody has to make money. (Not) The Process Yay! A Product You have a brilliant idea Magic Happens See you in Sweden! The Real Process You have a brilliant idea Horrendous amounts of money Yay! A Product FDA APPROVAL You have forgotten the original idea Even more money Money Where does the money come from? Investors Intellectual Property protection and management minimizes risk to investors, making our innovations more attractive than others Intellectual Property Article I, Section 8 “The Congress shall have power to…promote the progress of science and useful arts, by securing for a limited time to authors and inventors the exclusive right to their respective writings and discoveries” Intellectual Property ▪ ▪ ▪ ▪ Distinct from tangible items More abstract than other types of property Products of the mind Types • Patents (Title 35, U.S. Code) • Trademarks (Title 37, U.S. Code) • Copyrights (Title 17, U.S. Code) • Trade Secrets (State law) Intellectual Property ▪ Patents – inventions of functional and ornamental design • design, plant and utility • provisional applications ▪ Trademarks – identifies source or origin of product • words, brand names, slogans, graphics/logos • e.g., Nike logo, “We bring good things to life”, VIOXX • should seek federal registration (®) • use ™ for non-registered marks Intellectual Property ▪ Copyrights – literary and artistic impressions or arrangement • protects medium from copying by others • identifies author’s specific expression • e.g., articles, videos, computer programs • protection is automatic; use © with year and name of owner ▪ Trade Secret – protection from unfair appropriation of information • any information (e.g., software, formulas) that: provides competitive advantage; not available to public; and treated as confidential Patents ▪ Utility • demonstrated use or proposed use one of “ordinary skill in the art” would believe ▪ Novelty • not fully described in one patent or publication > 1 year before you filed (the “prior art”) ▪ Non-obviousness • whether one skilled in the art at the time of the invention would have had a rational basis to combine prior art to reach the claimed invention Patents ▪ Enablement • one of ordinary skill can carry out the invention without “undue experimentation” ▪ Best mode • provides best known way of making and using the invention when application was filed Patents Patents are not technical publications, they are legal documents US Patent 5,255,452 Method and means for creating anti-gravity illusion US Patent 5,433,036 Method exercising a cat Patenting Provisional Application Filed: $2-4K Office Action #1 Received: Response Filed: $2-4K Nonprovisional Application Filed: $7-10K 12 Months Office Action #2 Received: Response Filed: $2-4K 20-30 Months PCT International Application Filed $4-5K 18 Months National Phase Applications Filed: $25-30K 20-30 Months Notice of Allowance Received: Issue Fee Paid: $2K Continuation US Application Patent Filed (?) Issued 6 Months National Phase 1st Office Action Received: Response Filed $3-4K 12 Months 6 Months National Phase 2nd Office Action Received: Response Filed $3-4K 12 Months 6 Months 3 Months Regionalized In EP 6 Months EP, JP, AU, CA Notice of Allowance Received: Issue Fee Paid: $4K Foreign Patent Issued VCOM Process IDEA DISCLOSURE FORM • • • • Potential Protection? Requires further research Marketing/Licensing Abandon EVALUATION ACTION PLAN IP Policy *Watch for an update to be signed in near future 1. Inventor discloses Ideas and assigns to VCOM 2. IP Office manages protection and marketing 3. License revenues split 50/50 between Inventor(s) and VCOM The IP Office will do all the heavy lifting Cleveland Clinic Resources • • • • • Innovations Staff Alliance Partners Cleveland Clinic Lerner Research Institute Taussig Cancer Center Medical Device Solutions (MDS) In Conclusion… Working together, we can make sure VCOM innovations are managed so they have the best chance to make a difference in the practice of medicine