New R&D business friendly programs at UB

UB’s Office of Research and Economic Development is offering two new business friendly programs to help businesses easily tap into UB’s technical expertise while reducing the risk and cost associated with licensing intellectual property (IP) and sponsored research.

UB SWIFT is a streamlined approach to sponsored industry contracts designed to reduce transaction time by addressing inventions and licensing in advance. It establishes business-friendly terms upfront, granting companies an exclusive worldwide license to the resulting IP. Companies control all patent filings associated with the technology developed during the research project. Benefits include:

  • Exclusive worldwide rights to the technology resulting from a research project
  • One-time upfront fee
  • For exclusive license: royalties of 1 percent apply only if cumulative net sales exceed $20 million ($50 M if human trials are involved)

The UB Small Business Innovation Research (SBIR) award provides matching funds to companies subcontracting at least 30% of a Phase I SBIR or STTR award to a UB principal investigator. The matching funds are an incentive for more small business partnerships and expand the research funds available to the UB PI for the project.

For more information on UB SWIFT and UB SBIR, visit the website or contact Jennifer Mandina, JD, MS, Associate Manager of Contracts at 716-645-8952.