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Marketing Your Innovations Best Practices for Tech Transfer Professionals September 5, 2007 Imelda Oropeza Copyright Licensing & Marketing Specialist Stanford University, Office of Technology Licensing 650-723-0651 © The Board of Trustees of the Leland Stanford Junior University

Marketing Your Innovations Best Practices for Tech Transfer Professionals September 5, 2007 Imelda Oropeza Copyright Licensing & Marketing Specialist Stanford

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Marketing Your InnovationsBest Practices for Tech Transfer Professionals

September 5, 2007Imelda OropezaCopyright Licensing & Marketing SpecialistStanford University, Office of Technology Licensing650-723-0651

© The Board of Trustees of the Leland Stanford Junior University

Imelda OropezaOffice of Technology Licensing

Stanford University

Outline Effective Internal Marketing Strategies Cold Calling Tips & Strategies Contact Management CRM-Customer Relationship Management Resources

Effective Internal Marketing StrategiesReaching out to faculty and researchers

Imelda OropezaOffice of Technology Licensing

Stanford University

Events and Presentations Presentations to research groups

Information they are interested in What is a Patent? Patent reform Who is an Inventor? Open Source

Join existing events Conferences, Faculty department lunches

Have faculty who have had inventions licensed participate

Survey, address concerns & keep them informed

Imelda OropezaOffice of Technology Licensing

Stanford University

Presence & Accessibility Branding Posters, Promo items Communication (electronic/print)

Newsletters (electronic, yours or others) Annual reports, Informational

brochures Personal communication

Cold Call Telephone TacticsBuilding your network

Imelda OropezaOffice of Technology Licensing

Stanford University

Advantages of Cold Calling Low-cost High rate of return Helps build network Get feedback first-hand Convey knowledge and opportunities

Imelda OropezaOffice of Technology Licensing

Stanford University

Cold Calling Success Be persistent—usually takes 5-6 times before

you get a call back Leverage contacts, referrals, alums Preparation What companies to target

Midsize companies

Imelda OropezaOffice of Technology Licensing

Stanford University

Cold Calling General Tips Early/late Smile, use professional voice Be specific, slow down, speak clearly &

communicate value Follow up with an e-mail

Imelda OropezaOffice of Technology Licensing

Stanford University

When You Make Contact Ask questions???

Are they open to in-licensing? What are their areas of interest Would they look at this technology?

Communicate value Why you thought of them Value/benefits of invention

Schedule appointment, commitment to review

Imelda OropezaOffice of Technology Licensing

Stanford University

Contact Management When you learn something about a company

or individual, memorialize & share Everyone should participate Keeping information current

Imelda OropezaOffice of Technology Licensing

Stanford University

The Web & Contact Management The Interactive Website

Advantage for you Present other relevant technologies Capture preferences/areas of interest Feedback Automatic push

Advantage for users Non-confidential information rich resource Relevant information Timely notification of new opportunities

Customer Relationship Management (CRM)Leveraging systems to share information & increase productivity

Imelda OropezaOffice of Technology Licensing

Stanford University

What is CRM? Customer relationship management

(CRM) is a broad term that covers concepts used by companies to manage their relationships with customers, including the capture, storage and analysis of customer, vendor, partner, and internal process information.

---Wikipedia

Imelda OropezaOffice of Technology Licensing

Stanford University

CRM Good Practices Group commitment Technology

Lots of solutions“Make the technology fit your business, don't make your

business fit the technology.” Scheduling, customer data collection, sharing Automating marketing, drips, content push Project management Access 24/7, remote

Imelda OropezaOffice of Technology Licensing

Stanford University

Resources Cold calling tips

The Complete Idiot's Guide to Cold Calling by Keith Rosen. Reprinted with permission by Alpha Books, a member of Penguin Group (USA) Inc. 2004.

Inc. Magazine http://www.inc.com/guides/sales/20677.html

CRM/Contact Management Sugar CRM-http://www.sugarcrm.com/ Etelos CRM for Google Apps

http://www.eteloscrm.com