The National Institutes of Health (NIH) as a Technology Development and Commercialization Partner
Agenda:
1. Who we are. The NIH is more than academic/basic research and SBIRs. Technology commercialization and economic development is part of our mission.
2. That companies, entrepreneurs, and other buy-side stakeholders - not just academia - can partner with the NIH
3. Why industry partnerships are mutually beneficial for companies and the NIH
4. How companies have worked with the NIH (success stories and partnership examples)
5. Next steps – points of contact, partnering mechanisms, licensing
Awareness opportunity:
The National Institutes of Health (NIH), world’s largest biomedical research institute, could bring value to your partners in ways you may not be aware. Beyond grant funding – such as the Small Business Innovation Research (SBIR) Program – NIH’s mission includes facilitating economic development. We’re not just a top tier place for academics to move research forward alongside a key opinion leader, leading to a publication in esteemed journal or promising grant proposal. On the contrary, the NIH has established itself as open for business – as one of the go-to places for the healthcare industry to work with a thought-leader, overcome a technology or knowledge gap, and get their products to market. Across 27 Institutes and Centers, we cover nearly every disease and disorder imaginable – and marketable. We are the largest provider of in-kind support in the world. Research tools – mice, cell lines, antibodies – are provided at little or no cost. Sure, we develop drugs – but we also develop devices, diagnostics, wearable and digital health solutions, and software.
We are competitive on the business/financial front regarding equity, royalty costs, and overhead rates. We need those in the commercial sector to fulfill our mission of accelerating and promoting economic development. That means working with companies to positively impact their chances as an equity investment, a M&A target, an active employer. The NIH might not be the first place you seek out to bolster their pipeline or solve that development problem – but perhaps we should be.
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