Moffitt Cancer Center, University of Tampa Commercializing Intellectual Property

August 10, 2010

Tampa, FLa.  Moffitt Cancer Center and the University of Tampa are collaborating to commercialize intellectual property.

Moffitt researchers making discoveries have an ownership interest in the commercialization process but often do not have the appropriate training in the business arena. Delving into private capital markets requires a solid business model. That’s where graduate students in UT’s John H. Sykes College of Business come in.

As part of the master’s in business administration curriculum, students coached by professors in entrepreneurship and finance are currently working with Moffitt’s faculty members to prepare formal business plans for their start-up companies. In addition, Moffitt’s Office of Technology Management and Commercialization will have UT Sykes’ M.B.A. student interns tasked with assisting in market research, competitive intelligence and financial modeling for technologies reported to this office. The students’ findings and analysis will be memorialized in marketing materials.

“I am delighted that Moffitt has forged this academic partnership with the prestigious University of Tampa business school,” said William S. Dalton, Ph.D., M.D., center director and CEO of Moffitt. “This is a unique opportunity for these M.B.A. students to learn first-hand about Moffitt’s groundbreaking discoveries and gain valuable hands-on experience in learning the process of commercializing medical breakthroughs and ultimately getting them to the patient.”

Moffitt researchers gain new insight into the potential value of their discoveries beyond the bench and the clinic; M.B.A. candidates are exposed to cutting-edge cancer research and biotechnology applications.

“It’s truly a win-win. We’re focusing on the best strategy to provide value to Moffitt and offer a richer learning experience for our students,” said Frank Ghannadian, dean of the Sykes College of Business.

The Sykes College of Business is one of the elite private schools in the Southeast accredited at both the graduate and undergraduate levels byThe Association to Advance Collegiate Schools of Business.

About Moffitt Cancer Center

Located in Tampa, Florida, Moffitt Cancer Center  is an NCI Comprehensive Cancer Center - a designation that recognizes Moffitt’s excellence in research and contributions to clinical trials, prevention and cancer control. Moffitt currently has 15 affiliates in Florida, one in Georgia and two in Puerto Rico. Additionally, Moffitt is a member of the National Comprehensive Cancer Network, a prestigious alliance of the country’s leading cancer centers, and is listed in U.S. News & World Report as one of “America’s Best Hospitals” for cancer. Moffitt’s sole mission is to contribute to the prevention and cure of cancer.

About University of Tampa

The University of Tampa is a private, residential university located on approximately 100 acres on the riverfront in downtown Tampa. Known for academic excellence, personal attention and real-world experience in its undergraduate and graduate programs, the University serves 6,300 students from 50 states and approximately 100 countries. Approximately 70 percent of full-time students live on campus, and more than half of UT students are from Florida.