Creating Win-Win Incentive Plans for Tech Transfer Staff: The Emory University Model

Operations

Creating Win-Win Incentive Plans for Tech Transfer Staff: The Emory University Model

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What’s included

Access to the on-demand video with closed captions and presentation materials.

Dr. Sherer will share the evolution of Emory’s current incentive plan and quantify its results with statistics that show its value

$197.00

Program agenda:

Overview how and why the incentive plan was implemented
Which job titles are included in the plan, which are not included, and why
Rewarding team performance versus individual performance: the pros and cons
Gaining buy-in from university administration
How the incentive plan has affected staff morale
How perception of the office has morphed from “slow” to “speedy’ in the eyes of stakeholders
Details about the plan such as:
- Performance measures evaluated
- Bonus structure
- Payment terms

Giving your staff more skin in the game and rewarding team performance with monetary incentives will lead to happier staff, quicker deals, and increased licensing revenue. Just ask Emory University’s Todd Sherer.

It all started in 2003 when the Office of Technology Transfer was asked to propose an incentive plan. The purpose of the plan was to further motivate the OTT staff to support faculty development of marketable technology with the goal of increased licensing revenue. The metrics and weighting have been adjusted some over the years to ensure performance milestones are met before a pay-out can occur, but the results have been, and continue to be, a slam-dunk winner for the staff and the university.

While incentive and bonus plans have become more commonplace in TTOs, they are still the exception rather than the rule, and those who have implemented such plans have looked to Emory for guidance and best practice advice.

Todd Sherer, PhD, Emory’s Associate Vice President for Research and Executive Director for the Office of Technology, will share the history and evolution of Emory’s current incentive plan and quantify its results with statistics that show its value in terms of staff morale, corporate perception, and increased revenue.

Program Leaders

Associate Vice President of Research Emory University Executive Director, Office of Technology Transfer

What’s included

Access to the on-demand video with closed captions and presentation materials.

Dr. Sherer will share the evolution of Emory’s current incentive plan and quantify its results with statistics that show its value

$197.00

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