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The Office of Technology Transfer serves the following important missions at Children's Hospital Los Angeles:
- To enable new discoveries made at the hospital to benefit the public at large
- To help create an environment that attracts, educates, nurtures and retains the most creative researchers and innovative thinkers
- To foster and leverage collaborative relationships with other academic institutions, industry and the venture community to increase resources and revenues for all parties while protecting the integrity and academic freedoms of our researchers
- To enhance the reputation and reach of the hospital
Specifically, our office is mandated to identify and evaluate intellectual property for commercial potential and patentability. When appropriate, our office works with legal counsel to protect our organization's intellectual property through patents, copyright or trademarks.
With the help of our innovators, we seek partners in industry, nonprofit foundations, the investor community and other academic institutions for the continued development of its intellectual property with the ultimate goal of creating tangible products and services for the benefit of the public.
Our office negotiates agreements necessary to reach this goal (e.g. license agreements) while maximizing returns to the hospital. Resulting licensing revenues are shared between the Hospital and its innovators pursuant to hospital policy. Successful technology transfer helps promote our hospital as an innovative research environment and helps foster long term relationships with industry, which in turn may lead to an increase in industry-supported research.
The types of contractual agreements that fall under the purview of our office are IP license agreements, confidentially agreements, material transfer agreements, collaboration agreements, research funding agreements and any intellectual property provision contained in an agreement to which our institution is a party such as clinical trial agreements, gift agreements and subcontract agreement. We are also responsible for reporting our institution's intellectual property to sponsors and ensuring compliance with institutional policies, federal and state laws as well as IP provisions of existing agreements.
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