The Ever-Confusing World of Contract Lingo – Part 1

While much of OTT’s work deals with the review, protection, and management of the inventions made by our faculty, there is a whole other side that is of equal importance: negotiating contracts with industry, be it for licenses, clinical trials, collaborations, sponsored work, or confidential discussions. Just as the world of patents has its own set of jargon and terms, contracts do too. Below we’ve compiled a helpful list of some common terms you may encounter in contracts. What is a Contract? At its most basic, a contract is a binding legal agreement voluntarily entered into by two or more Read More …

IP Jargon: What are they talking about? – Part 2

When beginning the process of protecting your invention, lots of industry specific terms and legal jargon get thrown around and can seem a bit daunting. To help ease you into the world of intellectual property protection, OTT has collected and defined some of the most common words and phrases that you’re likely to come across. In this two-part post, we’ll discuss jargon heard in patent statutes and applications and during the patent review process and a patent appeal (Part 1 can be found here). In this part we will cover jargon often heard during the patent review and appeal processes. Read More …

IP Jargon: What are they talking about? – Part 1

When beginning the process of protecting your invention, lots of industry specific terms and legal jargon get thrown around and can seem a bit daunting. To help ease you into the world of intellectual property protection, OTT has collected and defined some of the most common words and phrases that you’re likely to come across. In this two-part post, we’ll discuss jargon heard in patent statutes and applications and during the patent review process and a patent appeal. In this part we will cover jargon found in patent statutes and applications. Patent Statue Jargon Statutory Subject Matter: Something that can Read More …

From the Director: Navigating Proof of Concept Funding – Part 2

 In 2014, the Office of Technology Transfer created a proof of concept (POC) fund. This fund was created to address the lack of funding in the “Valley of Death,” between basic scientific research and a demonstrable product. The POC fund is designed to help move technologies closer to the market. See part one of this interview here. How was OTT’s first investment chosen? Are there any other inventions that are in the process of applying for funding? The first investment was chosen because we happened to have a cardiologist that had a great idea for a new device at that Read More …

From the Director: Navigating Proof of Concept Funding – Part 1

In 2014, the Office of Technology Transfer created a proof of concept (POC) fund. This fund was created to address the lack of funding in the “Valley of Death,” between basic scientific research and a demonstrable product. The POC fund is designed to help move technologies closer to the market. See part two of this interview here. What is a proof of concept fund? A proof of concept fund, generally speaking, is non-diluted funding that can be used to take an early stage idea and get it to a proof of concept or proof of principle stage. Although this stage Read More …

The Magic of Science and How TMS Saved Me

I used to hate magic shows. Nothing frustrated me more than trying to figure out how the guy removes the beautiful woman from the box on stage, only to wow the audience moments later by revealing her—in the flesh—sitting in the theatre’s balcony with a big smile on her face. Magicians will never tell you their secrets, they will never disclose how the rabbit got in the hat, much less how he pulled the poor thing out of it. The stock answer, if ever asked, is a smug, “It’s just magic!” Many years ago I attended a magic show where Read More …

It Started in My Basement, Now it Improves Patients Lives

Charles M. Epstein, MD, or “Chip” as he’s been known since childhood, is a professor of neurology specializing in epilepsy and the founder of  the Laboratory for Transcranial Magnetic Stimulation (TMS). He is also a co-inventor for the technology that is utilized by Emory partner Neuronetics, Inc in their NeuroStar TMS Therapy® for treating depression. Neuronetics has safely administered more than 10,000 NeuroStar TMS Therapy® treatments with clinically significant results: among patients studied, 54 percent responded to the therapy and 33 percent found their depression in remission. Neurostar wasn’t the first technology you were involved with. Could you tell us Read More …

Case Managers’ Reflect on Their Time with TMS

OTT’s first disclosure from Charles “Chip” Epstein, MD related to his work with an iron core stimulation coil was received in the spring of 1995, with a second disclosure related to transcranial magnetic stimulation (TMS) coming along in late 1997. These were not only the early days for the technology but also the early days of our budding Tech Transfer office. The technology looked promising since it was both the first magnetic stimulator to utilize an iron core design which enabled improvements in power efficiency, heat generation, focal stimulation, and costs. Recognizing these benefits, OTT decided to pursue patent protection Read More …

The 12 Days of Christmas OTTer Style

On the first day of Christmas, my OTTer gave to me, A new disclosure form On the second day of Christmas, my OTTer gave to me, Two patent applications On the third day of Christmas, my OTTer gave to me, Three new blog posts On the fourth day of Christmas, my OTTer gave to me, Four featured innovations On the fifth day of Christmas, my OTTer gave to me, Five Licenses to sign! On the sixth day of Christmas, my OTTer gave to me, Six new start-up projects On the seventh day of Christmas, my OTTer gave to me, Seven Read More …

Overview of the U. S. Patent Process

Getting Started: The Provisional Patent Application There are multiple avenues to consider when filing a patent based on the specifics of the situation and the inventors. The first available option (and the one most commonly used at universities) is a provisional application. The importance of provisional patents stems from the patent system’s usage of a first to file system, which dictates that the first party to file a patent for a technology, rather than the first party to invent the technology, is granted the rights for the invention. Unlike a non-provisional patent application, a provisional application is not examined and Read More …