IP Valuation
Through TIV’s unique constellation of experts in IP, economics, and data analysis, it can provide IP valuation services for your organization. By leveraging a combination of desk research, market analysis, and computational methods, TIV can investigate the potential value of tangible and intangible assets, whether for an aspiring inventor to a government agency. In the case of licensing, TIV can help from start to finish, from prelicensing (preparation for the license), licensing (processes related to the license), and post-licensing stages (maintaining the license once it has been formalized). We can leverage diverse methodologies based on your needs (e.g., market, cost, income, or mixed approaches), and implement advanced techniques, including Monte Carlo simulations, Discounted Cash Flow/Net Present Value, Bayesian forecasting, and more. TIV’s expertise in IP valuation also permeates into active areas of research and innovation (e.g., collateralized loans based on IP).
Material Transfer and Inter-Institutional Agreements
Successful innovation is rarely a solitary exercise. Collaboration with other experts is critical for meaningful innovation. Negotiating well-crafted collaboration agreements for Material Transfer and Inter-Institutional cooperation can help protect existing IP and monetize derivative IP through a win-win strategy. TIV experts do not view such collaboration as merely a tradeoff between dilution of equity and IP and growth and maturing of innovation.
Our successes
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Technology Commercialization for DOE and SBIR/STTR
TIV continues to serve an active advisory role in assisting companies in bringing their novel technologies to market through the Department of Energy SBIR/STTR Phase I program. In Phase I, award winners explore the feasibility of their innovative concepts with up to $100,000 for up to 9 months. Phase I award winners may compete for Phase II funding, with awards of up to $750,000 over two years towards R&D.
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For example, through the aptly called “Phase 0” program, TIV has guided DOE applicants through the entire process: drafting the original letter of intent to assisting with proposal writing, budget development, commercialization planning, market analysis, and project organization. TIV has proudly assisted dozens of companies in the Phase 0 program with exciting innovations ranging from renewable energy breakthroughs to data management solutions implementing the latest scientific advances.
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TIV consultants have also served as Principal Advisors (PA) to a selective group of innovators from the Small Business Innovation Research programs. PAs were tasked to help identify, cultivate, and develop nascent companies into successful, profitable enterprises. The initiative was downstream of a larger effort by the US Department of Energy Commercialization Assistance Program (DOE CAP).
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Puerto Rico Science and Technology and Research Trust (PRST)
TIV has a longstanding history of providing advisory services to the Puerto Rico Science and Technology and Research Trust (PRST), a private non-profit organization created in 2004 to encourage and promote innovation, transfer, and commercialization of technology and the creation of jobs in the technology sector, based in San Juan, Puerto Rico.
TIV has supported PRST in multiple endeavors. However, two particular highlights include mitigating the “brain drain” of Puerto Rican high school students by developing a STEM-based pipeline that links Universities to domestic manufacturing and pharmacology companies. The second endeavor of note includes providing insights into potential innovations and policy frameworks to cultivate “coastal resilience.”
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Georgia Innovation and Technology Agency (GITA)
Due to TIV’s expertise in Intellectual Property and Policy, TIV’s experts supported the Georgia Innovation and Technology Agency (GITA) in monetizing their Intellectual Property (IP). The agency, created through the World Bank’s GENIE program, is the Republic of Georgia's leading innovation and technology commercialization entity. Using avant-garde techniques of IP valuation, including Monte Carlo simulation and Bayesian forecasting, TIV provided GITA with a dynamic model which could be broadly used to estimate the potential of IP instruments toward eventual commercialization. The IP valuation exercise was conducted under the auspices of the Technology Transfer Pilot Program (TTPP) financed by the European Commission.