YISSUM AND TECHNOLOGY TRANSFER AT THE HEBREW UNIVERSITY OF JERUSALEM
Yissum, a Technology Transfer Company of a Hebrew University of Jerusalem, aims to foster a send of Hebrew University record for a good of society, whilst maximizing earnings to await research, preparation as well as systematic excellence.
Founded in 1964, Yissum is a single of a initial record send companies worldwide – second usually to a Weizmann Institute’s Yeda, founded in 1959, as well as many years comparison to many American universities – which began their Technology Transfer Services activities following a Baye-Dole Act of 1980; European universities, which typically began these activities in a 1990′s as well as Japan, which usually began in 1998.
Yissum provides a interface in between a university’s researchers as well as industry, including:
· Licensing out of brand brand new technologies
· Creation as well as await of spin-off companies
· Industry-sponsored educational research
· Scientific services
These years of knowledge have borne fruit, as Yissum’s revenues place it between a tip fifteen universities worldwide. Close to billion value of products formed upon Hebrew University record have been sole worldwide annually. Yissum’s 2005 revenues were million, of which .5 million in royalties Through a efforts in securing industry-sponsored investigate as well as alternative funding, Yissum contributes a little 10% of a Hebrew University’s investigate budget, origination a establishment a loyal Technology Transfer University.
Charged with a insurance as well as commercialization of a university’s egghead property, Yissum has generated over 1,500 obvious family groups over a past twenty years alone, of which 750 have been right away active, together with 250 which have been licensed. In addition, Yissum binds equity in over 50 companies. In 2007, Yissum perceived 121 disclosures, submitted 91 obvious applications as well as was postulated 59 brand brand new patents worldwide.
On a commercialization side, over 400 projects were rubbed in 2007 as well as 418 agreements were signed, together with 33 permit as well as choice agreements.
Yissum enjoyed a initial Initial Public Offering of a single of a companies upon a Tel Aviv batch sell in Dec 2005 when NasVax Ltd., formed upon record from Prof. Chezy Barenholz, was successfully floated. The association right away has million in a bank as well as is in clinical trials with a influenza vaccine. This is not a initial blurb success for Prof. Barenholz, who is additionally a developer of Doxil, sole by Johnson & Johnson (through a merger of Alza) in a United States as well as Schering Plough (under a traffic name Caelyx) internationally. Doxil enjoyed worldwide sales of over 0 million in 2005.
Yissum, by a origination of Atox Bio Inc., was additionally unapproachable to unite a acquiescence to a NIH of a accede to focus by Prof. Raymond Kaempfer, who successfully perceived US$ 5.6 million for a biodefence applications of super-antigens. Yissum continues to await AtoxBio as it develops alternative applications of Prof Kaempfer’s technology.
BioCancell Inc., which was highlighted in final year’s report, successfully lifted over US million from in isolation investors as well as a Hebrew University’s grant account (as an eccentric investor), as well as successfully began clinical trials with a H19-based care in patients pang from bladder cancer.
Following a shift of government during a finish of 2005, Yissum has voiced a little organizational changes directed during on condition which a university’s researchers with better, some-more focused service. In addition, Yissum is in a routine of concurrently identifying a university’s Top thirty many commercially-attractive projects, as well as during a same time raising supports to deposit in receiving these projects by a proof-of-principle proviso in sequence to grasp significantly aloft valuations as well as most higher conditions for commercialization. 2006 promises to be an sparkling year for Yissum.
Yissum is a Technology Transfer Company of a Hebrew University of Jerusalem. Over a past 40 years, Yissum has postulated some-more than 400 record licenses as well as is obliged for commercializing successful products which beget scarcely billion in worldwide sales each year.
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Tags: Hebrew, Jerusalem, Technology, Transfer, University, Yissum