Beginning Sept. 1, any newly formed OHSU startup company has the opportunity to obtain time-limited rights to OHSU technology through a new express option agreement program. New startup companies with founders who are OHSU employees or students now have access to a low-cost, pre-approved agreement that can be completed quickly to secure rights in OHSU technology. This allows the new startup to focus on evaluating the technology further, conducting market research, developing a business plan, and raising funding prior to entering into a more extensive, longer-term license agreement. In general, any technology that has been disclosed to Technology Transfer and Business Development may be eligible for this program.
Benefits of the program include the following:
- Simple, rapid access to rights to OHSU technology for new startups
- No time and effort spent on negotiation
- Quick agreement execution
- Low upfront costs
- Six-month agreement term, with the potential for term extension
The goal of the program is to encourage, foster and support the entrepreneurial culture at OHSU. For more information, please refer to the Exclusive Option Agreement for OHSU startups FAQs document or contact Andrew Watson at email@example.com.