TECHNOLOGY LICENSING

Newlogic’s spin-out company, Newcare Medical, is working to receive a number of SBIR grants from the NIH.  One grant is to develop an active noise cancellation technology for use in NICUs.
The active noise control technology is to be licensed from another startup that we have been advising.  This case is complicated by a number of factors.

• The ability to develop the technology in order to complete the terms of the NIH SBIR regardless if the technology’s inventor’s role in the program.
• The ability to commercialize the technology as funded by the NIH grants.
• Money
• Control
• Who owns the prototype ownership
• IP ownership
• Value of the technology license
• Timing of legal fees and costs