1. Why Israel rocks at commercializing academic innovations

    Why Israel rocks at commercializing academic innovations

    It’s no coincidence that Harvard and UCLA chose experienced Israelis to direct their technology-transfer offices. Cash-strapped universities urgently need to streamline the transfer of inventions from lab bench to market, and Israeli TTOs have a remarkable track record of generating more revenue from IP sales than any other country except the United States. “Universities are reinventing themselves as micro environments for innovation and entrepreneurship. A university that can’t demonstrate its impact on industry and the marketplace will become less relevant in the future,” says Benjamin Soffer, chairman of Israel Tech Transfer Network. Soffer, who frequently hosts TTO officials ...

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    1. Universities are reinventing themselves as micro environments for innovation and entrepreneurship. A university that can't demonstrate its impact on industry and the marketplace will become less relevant in the future.
    2. The good TTOs are experimenting with new models to make sure they stay relevant and effective for the benefit of both sides and eventually for the benefit of society.
    3. What's unique is the relevancy of our patents to real medical and pharmaceutical needs because the physicians are familiar with those needs. We also help companies with consulting services from Hadassah physicians.
    4. We're now planning to raise another fund to support early-stage technologies in medical devices and digital health.
    5. The startup nation is an example of how Israel has reinvented the way entrepreneurship works, and we are very capable of reinventing technology transfer. Because of the density of our innovation and networking in the world, Israel could be uniquely positioned to lead this transformation.
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