Yissum’s 3 P’s: Protect. Partner. Perform.
We are charged with protecting Hebrew University’s (HU) inventions, products, and technologies developed by the Universities faculty, staff, and researchers.
We are an active partner with HU's researchers. Using our extensive knowledge of industries and markets, we seek appropriate businesses with which to partner.
Our commercialization strategies - licensing, establishing a company, joint ventures, and collaborative research - enhance the market value and performance of HU’s discoveries and increase their availability to a broad global marketplace.
All HU IP is the property of Yissum. When Yissum determines to move forward with an innovation or technology, it applies for IP protection in the appropriate countries.
Like many other technology transfer companies, we do not usually sell the University's intellectual property to third parties, but instead grant licenses to exploit the inventions/patents.
A royalty-based license stipulates the payment cash royalties on the licensee’s sales, together with other types of lump sum or performance-based cash payments.
An equity-based license gives Yissum shares in the company (usually a joint venture in a new start-up company) in lieu of a part (or all) of license fee.
A research-based license combines a royalty- or equity-based license with a provision for the licensee to finance research carried out by the inventors at the University.
We make every effort to accommodate the diverse needs and interests of the prospective licensees/investors, the researcher, and HU. Yissum staff works closely with researchers and inventors on the required agreements that outline the basic rules, expectations, and terms.
Establishing a company
The decision whether to license a technology or establish a new company is complicated. Yissum must balance the present efforts and resources with potential future rewards. A number of factors influence this decision: the maturity of the technology, the ability of the researcher to lead the efforts of the emerging company, the applications of the technology, and the ability to raise money.
Yissum has longstanding relationships with industrial and commercial enterprises it can use these relationships to form a joint venture that promotes HU technologies. We examine underlying inventions, the scope and purpose of the venture, and the expected profit and risk before entering in such a structure.
A joint venture between Yissum and a business partner often takes the form of a start-up company. Yissum transfers patents and know-how under license to the joint venture. It also contributes professional expertise and technical support.
Capital investment is provided by the business partner, who also generally provides the management expertise. All the partners acquire shares (equity) in the joint venture, as negotiated between them.
We facilitate collaborative research partnerships between business partners and HU researchers. Such partnerships may involve a single business partner or they may be a multi-party consortium. Each research partnership is tailored to the specific requirements of the inventor, the invention/technology, the partner, and HU.
In a collaborative research partnership, all the partners actively contribute to the research activity and the resulting IP is generally shared.