The first of the 3-day July Regents meetings got underway yesterday with a session of the Regents' Special Committee on Innovation Transfer and Entrepreneurship. Usually, that committee has met off-cycle on different campuses. Since the Regents were meeting at UC-San Francisco, the campus-focused meeting of the special committee took place as part of the other sessions.
There was only one public comment on hiring of undocumented students by UC. The committee then had a presentation on enforcement of licensing arrangements and royalty audits. Monitoring of licensees so that payments due to the university were made and how much in resources was needed for that function was the general topic. The proposal on the table was to add resources for more audits which would be focused on licensees identified as likely to be out of compliance. The focus would be on the larger licenses. There were also proposals to require self-audits by licensees. Testimony from UCLA suggested that many licensees are out of compliance. However, concerns were expressed that overpolicing could be too burdensome for smaller start-up companies. There was also some skepticism expressed about the value of self-audits; would firms really want to report noncompliance on themselves?
UC-San Francisco then provided some case studies related to bio-tech entrepreneurship and an example of research on use of the immune system to treat certain forms of cancer.
We continue to preserve recordings of Regents meetings indefinitely since the Regents are operating without a policy concerning preservation. You can find the video recording of this session at:
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