Innovation Review

Monthly information on a variety of economic, business, and technology related legal news as well as highlights and profiles of resources and events across New York state.


News from the Center


NYS STLC Client Traverses Commercialization “Valley of Death”

The realm of technology commercialization is fond of its geographical metaphors. Researchers and entrepreneurs who seek to make their discoveries commercially viable talk of intellectual property “landscapes,” “routes” or “paths” to market, as well as technical and regulatory “milestones.” But there is one image that is somewhat darker: the “valley of death.” Read about how Joseph Scaduto, founder of Traverse Biosciences, is meeting the challenge. Traverse Biosciences is currently working to commercialize one of its patented biochemical discoveries, TRB-N0224, a potentially groundbreaking disease therapy to treat canine and feline periodontal disease.


IP/Regulatory Law Watch

Supreme Court

Supreme Court Hears Patent Double Header – By Shubha Ghosh

On November 27, the Supreme Court spent the morning hearing oral arguments in two long-anticipated patent cases. In Oil States v. Green, the arguments first addressed the constitutionality of inter partes review, an administrative proceeding for reviewing a patent grant introduced by the America Invents Act. If the Court finds the proceeding unconstitutional, its decision will provide a blow to patent reform debated over more than a decade. If the Court finds the proceeding constitutional, it then must confront some tricky statutory issue regarding the ability of the USPTO, acting through the Patent Trial and Appeals Board (PTAB), to institute IPR’s, the question at issue in the second case SAS v. Matal. Professor Ghosh analyzes these two cases in this in-depth webcast, recorded shortly after the oral arguments.


Blockchain Patent Landscape

Blockchain, the technology behind popular cryptocurrency Bitcoin, can have many uses, including identity verification, medical records, market forecasting, and more. Information technology and financial industry companies currently dominate the blockchain patent landscape, with companies like Security First Corp, IBM, and Microsoft all owning at least 25 blockchain patents. The United States currently leads the world in blockchain patent assignees with China close behind. For more on blockchain explanation, types of patents, and more, click here.


Around New York State


Drones in Upstate NY

In October, Governor Cuomo, NASA and the Northeast UAS Airspace Integration Research Alliance (NUAIR) announced they’ve formed a partnership to launch a 50-mile unmanned test corridor for testing unmanned aerial and traffic management systems. NY’s Empire State Development has invested $30 million in the partnership, and the area to launch the world’s first 50-mile Unmanned Traffic Management Corridor in Upstate NY, making the state a leader in a national effort to commercialize the use of drones. For more on CNY advancements in drone technology, click here.


Commercialization Competition 2017 Winners

The winners of the FuzeHub Commercialization Competition 2017 have officially been announced. 17 entrepreneurs from across New York State came together in Albany for the event, which took place on November 15 and 16. Of the 17, five were announced as the winners of the competition and took home $50,000 each. NanoHydroChem LLC of Buffalo is working on developing nanomaterial capable of generating hydrogen gas from water on demand at room temperature. NanoHydoChem and its founder, Parham Rohani, who worked with NYS STLC through the NEXUS program at HTR, were named one of the five winners for the system, which has a number of potential applications. For more on the competition and the other four winners, click here.


New York Academy of Sciences Imagines Innovation of the Next Century

As the New York Academy of Sciences begins its third century, they reached out to scientists for forecasts and possible discoveries coming in the next 100 years of science. The results, which include a physical Internet, space elevators, and thought to text, can be found here. The New York Academy of Sciences is among the oldest scientific organizations in the United States and is committed to bringing together extraordinary people working at the frontiers of discovery. With over 20,000 Members in 100+ countries, the Academy’s Membership has featured Thomas Edison and Charles Darwin, as well as Presidents Thomas Jefferson and James Monroe. For more on The New York Academy of Sciences, click here.

Genius NY

Genius NY Winners Announced

The 2018 cohort of GENIUS NY winners were announced on December 12th. GENIUS NY is a year-long, in-residence business accelerator focused on unmanned systems and data-to-decision applications. It is housed at the Tech Garden in Syracuse. Participants receive a monthly stipend and housing subsidy and are eligible for cash prizes after the first three months. Selected teams give up 6% equity to participate. The 2017 cohort, which received awards of $2.75 million in April of 2017, presented their technologies at an Upstate Capital event hosted at the CNY Biotech Accelerator. The first six finalists were Ascent Aerosystems, AKROBOTIX, SkyOp, EZ3D Technologies, OmniMesh, and AutoModality.




Compete CNY

Applications are now being accepted for the 2017 Central New York Business Plan Competition regional qualifier. The event will take place on March 24 at Syracuse University. The competition is open to undergraduate and graduate students currently enrolled in a Central New York College or University. Ideas are being accepted for the competition in separate tracks, including Information Technology/Software, Social Entrepreneurship/Non-Profit, Advanced Technology, and more. To learn more about the event and to sign up, click here. Applications are being accepted until March 15.

Innovation & Biotech Luncheon

The Innovation & Biotech Luncheon: Policy Updates Facing the Industry will take place at the CNY Biotech Accelerator on January 25 at 12:30 – 2:00 p.m. Sponsored by New York Health Works and hosted by CNY Biotech Accelerator at Upstate, the free event will include a light lunch and will focus on influencing health care policies & conversations featuring Kelly Ryan, Senior Director, State Advocacy at Pharmaceutical Research and Manufacturers of America (PhRMA). To RSVP for the event by Monday, January 22, click here.

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