Obtaining Funding From Government Agencies & Licensing Transactions with Universities
Public institutions in the United States, such as the NIH (National Institute of Health) as well as governmental programs such as The American Recovery and Reinvestment Act of 2009 provide extensive funds and subsidies for the life sciences industry, including the funding of public projects to be performed by life sciences companies. At the same time, subsidies and public projects also exist for the life sciences industry in Europe. German life sciences companies can participate in these funding programs and projects if in compliance with certain legal and regulatory requirements. Biotech opportunities also exist at universities and other research centers, where tech transfer offices are engaged in active licensing programs related to the inventions and technologies developed by their professors and researchers. The licensing negotiations with universities in Germany and the United States are often subject to special requirements that must be carefully addressed in order to avoid potential pitfalls that can be experienced in these types of transactions.