The AI-Enabled TTO

Posted March 28, 2024  By: Reda El Alami 

      On March 21st, Foresight attended an AUTM webinar called “The AI Enabled TTO.”  The presenters were Marc Sedan & John Kearney of NYU and Declan Weldon from the University of Glasgow. These presenters provided background information on what AI is, how to implement it in your workplace, the worries/challenges of AI, and specific use cases in their workplace to show how to adapt AI to your everyday. The most common callout from all of the presenters was resistance to change. This problem is their biggest hurdle, and more specifically, people do not want to change processes they have used for countless years. Once the experts demonstrated how AI worked, they introduced it into the workplace in steps. It then started to get more widely used and saved time and money while at the same time giving users the confidence to use this in their everyday work.

      Mr. Kearney talked in depth about how NYU was one of the first places to gain access to AI, other than the healthcare field. NYU introduced AI to their workplace, giving 40 people access to explore and play with it. It took around four weeks for people to start making use cases. Six months after being introduced, they have over 200 use cases, with 75% of the office using AI. Once people started using AI and gained confidence, they found countless use cases for AI. He mentioned three stages for users of AI. Stage 1: Understanding basic concepts, Stage 2: Refining & Learning from AI, and Stage 3: Expanding your AI applications. All three steps are integral to getting comfortable with AI and using it to help with everyday/repetitive tasks. He also mentioned that the money invested into the specific AI chosen comes back to your workplace –by reducing the time spent on repetitive tasks and, at the same time, keeping billable hours the same, taking dead data off the books, and making things more efficient and correct. He went on to say that these are all ways that can affect the bottom line.  

      Mr. Weldon was the last presenter of the day. He supported a lot of what Mr. Kearney stated. Mr. Weldon agreed that The University of Glasgow has been resistant to change. He also agreed with the notion that it has a steep history. Lastly, Mr. Weldon concurred that the challenge had a lot to do with how to adopt AI into the University and getting staff to implement it. Mr. Weldon was passionate and excited about how AI can benefit the college. He was so excited that he even had Mr. Kearney fly there to help introduce it to his employees. Mr. Kearney spent time training basic prompts and dealing with simple aspects of AI to staff and worked on streamlining contracts, disclosures, and dead data. What did they find? They spotted partnerships hidden in corporate data, helped find new projects/opportunities for the university from the old data, helped streamline and drastically reduce hours for invention disclosures while keeping the validity of the form intact, and finally, helped with client contract review (a 1-hour process reduced to 10 minutes).

         Overall, this webinar was an excellent opportunity to see detailed examples of AI use in the workplace. The webinar also showed that resistance to change was very common. But after giving AI a chance, the possibilities are endless. Finally, the webinar showed that the money will return to your workplace. AI is a worthy venture to explore because AI will be a big part of our workplace future.

Foresight Exhibit at AUTM 2024

Foresight Science & Technology will be exhibiting at the AUTM Annual Meeting in San Diego on February 18-21, 2024. For those who don’t know, the AUTM Annual Meeting is the largest gathering of Tech Transfer Pros. At this event, attendees will have the opportunity to get inspired, make connections, and learn from some of the greatest leaders in the field. Want to know more? Click here. Also, if you’re attending, be sure to stop by booth 517 to learn more about our Market Assessments and SBIR Services!

ChatGPT is an Ally in Commercialization Efforts

Posted May 12, 2023  By: Reda El Alami

On May 11th Foresight attended the AUTM webinar “Generative AI has arrived : Essential Knowledge for TTOs”. The presenters were Dray McFarlane and Thomas Altman, CEOs from the company Tasio. The presenters provided history on AI, and how AI is constantly evolving. AI can be used in a variety of ways: audio to text, image manipulation, and the main focus of this webinar was ‘writing support’. The focus of this presentation was how to get the most out of AI for TTO’s. Specifically, the following 5 ideas that AI can: understand, create, refine, summarize, and translate. The presenters stated they use ChatGPT, created by OpenAI, and how it can act as an “intern” for you. Grant creation was a major focus in the webinar, and how you can create, critique, and regenerate grants. How you can import examples of successful grants so that the chatbot can use that when creating future grants, it can even use your writing style when creating projects, if you submit examples.

The presenters also mentioned that you can utilize the tool for technology scouting and matching. It can identify emerging technologies for commercialization opportunities, analyze patents and market data, and match technologies to industry needs for collaboration. This is not a fully operational tool, it should be fully operational by the end of 2023. If you have a list of patents, market data, or research papers, GPT can run these on a loop in the background and go through every patent that might be relevant, it can filter keywords, and can score the patents based on how you score them, it can help you commercialize patents. This is possible now, it’s again, not 100% ready, but it’s something to start utilizing. The main takeaway from this webinar was to start using ChatGPT in your workday. It’s an extremely useful tool to help make you more efficient and make daunting tasks more streamlined.

Grant writing is less about the writing than the research

Posted April 27, 2023  By: Reda El Alami

On April 13th, Foresight Science & Technology attended an AUTM Live webinar called TTOs Can be PIs Too: Competitive Grant Application and Management. It was led by Dr. Eva Garland, Dr. Dana Upton, Jennifer Webster, and Ian McClure. This webinar focused on Federal Grant Opportunities, specifically how to prepare grant proposals to get the results you want. The speakers highlighted how to identify a notice of funding opportunity (NOFO), how to collaborate with program officers and project administration offices, as well as how important it was to get supporting documentation to make sure you understand the specific concepts to the grant you are competing for. The speakers have extensive backgrounds in grant applications and funding, and provided great insight on how important it is to forge relationships with the people directly involved in these grants, the funders and people involved in the program. Grant writing is shifting, and it’s important to investigate in more detail, and utilize the resources that are available and listed when reviewing these grants. One can’t simply rely on a generic template to submit bids, in order to win these grants, more time and energy needs to be focused on collaboration to not only win bids, but to gain rapport to help with future bids.

Exhibit at AUTM 2020

UPDATE: Due to the unfortunate cancellation of the AUTM Annual Meeting, Foresight will no longer be in San Diego during the planned dates. Feel free to reach out to learn more about our services, such as the Original Go/NoGo Report! We look forward to seeing you all at future events.

Foresight Science & Technology will be exhibiting at the 2020 AUTM Annual Meeting taking place March 8-11 in San Diego, CA. If you will be in attendance come by Booth 607 to learn more about Foresight’s Market Assessment reports and celebrate our 40 year anniversary with us!

 

The rundown on AUTM Asia 2019

Posted November 14, 2019 By: Konstantin Izvolsky

On November 5-7, 2019 Foresight Science & Technology attended AUTM Asia-2019 conference in Jerusalem, Israel. This conference provided a great platform for technology transfer professionals from Asia to share the best practices and address the challenges related to the transfer of technologies from the university laboratories to the marketplace. Israel, the location of this year’s conference, is known for its high quality of academic research and dynamic innovation ecosystem. The host nation was represented by the large number of attendees from local universities and technology transfer companies. China and Thailand were also represented by large delegations of technology transfer managers and researchers. Interesting discussions were focused on the analysis of best practices in establishing university-based innovation centers and incubators, improving the efficiency of faculty outreach, comparison of alternative business models for academic technology transfer, including Technology Transfer Offices vs. Technology Transfer Companies. As always, part of the AUTM Asia conference was dedicated to technology transfer career development. The conference also addressed the key international events which affect the global collaboration and technology commercialization, including US-China trade war.  The last day of the conference included very interesting pitch presentations from several Israeli venture funds and incubators, including aMoon- the largest Israeli life sciences venture fund, LabsO2, VLX and Nextar. The conference offered opportunities for networking as well as social events such as the tour of the Israel ecosystem.