Ramot taps those discoveries and inventions made at Tel Aviv University (TAU) that hold potential for further development into commercial products of benefit to their fields. When setting out to identify the commercial partners capable of transforming discoveries into marketable products, we ensure that TAU researchers' intellectual property (IP) is legally safeguarded through patents.
While discoveries made at TAU remain University property, when Ramot enters into partnerships, TAU inventions are made available for development via licensing agreements and other strategies that include establishing companies, joint ventures, and collaborative research.
Ramot licenses the University's intellectual property to third parties through agreements that include one or more of the following:
Exclusive and non-exclusive licenses: these licenses allow a company to commercialize the invention under appropriate circumstances pursuant to applicable statutes and regulations.
Exclusive licenses limit the use of the invention to a single group or entity
Nonexclusive licenses allow for use by multiple concerns
Royalty-based licenses: these stipulate the royalty cash payments on the licensee’s sales, together with other types of advance, lump sum or milestone payments.
Equity-based licenses: these give Ramot shares in the company (usually a joint venture in a new start-up company) in lieu of part (or all) of the license fee
We facilitate collaborative research partnerships between business partners and TAU researchers. Such partnerships may involve a single business partner or may be a multi-party consortium. Each research partnership is tailored to the specific requirements of the inventor, the invention/technology, the partner, and TAU.
Ramot is expert in crafting agreements that take into account and accommodate the diverse needs and interests of the prospective licensees/investors, the researcher, and TAU. The process includes close work with industrial partners, researchers and inventors to outline the basic rules, expectations, and terms. For research sponsors, this can include access to results and right of first opportunity which may eventually lead to a licensing agreement.
Establishing a company
The decision whether to license a technology or establish a new company is complex. Ramot must balance present efforts and resources with potential future rewards. A number of factors influence the decision: maturity of the technology, ability of the researcher or entrepreneur to lead the efforts of the emerging company, evaluation of the market's needs, and the ability to raise capital.
Ramot has longstanding relationships with industrial and commercial enterprises which it can leverage to form a joint venture that promotes TAU technologies. We examine the underlying invention, the scope and purpose of the venture, and the expected profit and risk before embarking on this form of commercialization.
A joint venture between Ramot and a business partner often takes the form of a start-up company. Ramot licenses the required know-how to the joint venture. It also contributes professional expertise and technical support.
Capital investment is provided by the business partner who also generally provides the management expertise. All the partners acquire shares (equity) in the joint venture, as negotiated between them.
Scientific Outsourced Research Services
Ramot manages TAU SOURCE - Tel Aviv University Scientific Outsourced Research Services. TAU SOURCE provides science and tech companies access to top of the line research services through world renowned scientists and state of the art equipment with the highest capital efficiency.
Click here to find out more about our services to industry.