Longford Capital is a leading provider of litigation finance solutions to Universities.

Partnering with Universities to Advance Innovation

Universities devote significant resources to research and development, and to safeguarding the inventions created from this work with intellectual property protections. At the same time, Universities often struggle to generate meaningful revenue from their valuable intellectual property rights – revenue that could be used to advance the core mission of the University. At Longford Capital, we provide financial assistance to Universities to help them realize the full value of their research and development activities, without burdening their budgets. We are proud to support the amazing work of America’s Universities, which is the backbone of innovation and economic growth in the United States.

Longford Capital’s Partnership with University of California, Santa Barbara

UC Santa Barbara Enforcement Campaign

Longford Capital is proud to be funding a patent enforcement campaign for University of California, Santa Barbara (“UC Santa Barbara”) related to UC Santa Barbara’s groundbreaking filament LED technology. This technology is the result of cutting-edge techniques developed by a Nobel laureate-led team at UC Santa Barbara for making LEDs that require less energy, create less heat, and distribute light in all directions. The patented technology replaces traditional incandescent light bulbs, while using a fraction of the energy and lasting several times longer. Longford Capital’s commitment to UC Santa Barbara is part of Longford Capital’s University Initiative, which provides financial assistance to Universities to help them realize the full value of their research and development activities, without burdening their budgets.

For more information about Longford Capital’s collaboration with UC Santa Barbara, please visit the following links:

Longford Capital’s Value Proposition to Universities

Longford Capital will pay the attorneys’ fees and expenses (including expert and consultant fees) associated with a University’s intellectual property monetization campaign, including:

  • The attorneys’ fees incurred to evaluate the University’s intellectual property portfolio to identify the most valuable assets
  • The attorneys’ fees and out-of-pocket expenses incurred to conduct the University’s licensing efforts
  • The attorneys’ fees, out-of-pocket expenses, and costs of proceedings before the U.S. Patent and Trademark Office incurred as part of the University’s enforcement efforts

In return for its investment, Longford Capital will receive an agreed upon portion of the proceeds generated from the monetization campaign. If no proceeds are generated from the monetization campaign, Longford Capital is owed nothing.

Benefits to Universities

Partnering with Longford Capital enables Universities to:

  • Monetize their valuable intellectual property portfolios without burdening the University’s budget
  • Re-invest revenues generated from intellectual property monetization into research and development
  • Attract and retain the finest academic talent by rewarding innovation through intellectual property monetization
  • Transfer the financial burden of intellectual property monetization to an outside funding source
  • Work with their law firm of choice, without paying traditional hourly rates

How does litigation finance work?

Funds from a litigation finance contract are typically used to pay attorneys’ fees and other expenses incurred during litigation. The funding is not a loan, but, a form of non-recourse financing. Funds do not need to be repaid if the claim is unsuccessful. If the claim is resolved successfully, either through settlement or award at trial, the litigation finance firm recovers its investment, plus an agreed-upon return.

Benefits to Law Firms

Partnering with Longford Capital enables law firms to:

  • Provide alternative fee structures to their University clients
  • Provide a “no cost” option to Universities to monetize their valuable intellectual property rights
  • Avoid the risks associated with full-fee contingencies
  • Finance the attorneys’ fees, out-of-pocket expenses, and costs of proceedings before the U.S. Patent and Trademark Office (e.g., inter partes reviews, ex parte reexaminations, covered business method reviews, and patent prosecution fees)
  • Finance the strategic culling of a University’s intellectual property portfolio

Strategies for Monetizing a University’s Intellectual Property

There a number of strategies that Universities can employ to monetize their are intellectual property rights:

  1. Universities can license their patented technology to companies that are currently using the technology
  2. Universities can license their patented technology to companies that are not currently using the technology, but would find value in the technology
  3. Universities can enforce their intellectual property rights in litigation
  4. Universities can license their intellectual property rights to University-backed start-ups

Preparing for a Monetization Campaign

STEP 1:

Obtain University support for the monetization campaign

  • Consult with the University’s Technology Transfer Office, Research Foundation, relevant department chairs, and leadership team

STEP 2:

Meet with the University’s faculty and patent counsel to identify the most attractive intellectual property assets

STEP 3:

Retain experienced outside counsel and other appropriate experts and consultants to strategically analyze the University’s intellectual property portfolio

  • Review patents, file histories, and prior art
  • Identify potential licensees
  • Draft claim charts
  • Develop a strategy for the monetization campaign
  • Prepare a budget for the monetization campaign
  • Assess potential licensing revenues

Thought Leadership

Protecting the American Inventor

MARCH 22, 2019
The National Law Journal
Authors: Michael A. Nicolas and Russell J. Genet

What’s The Cost of Allowing Patent Theft? Don’t Wait To Find Out

JANUARY 9, 2019
Intellectual Property Watch
Author: Russell J. Genet

How Litigation Finance Can Help General Counsel

NOVEMBER 7, 2018
LinkedIn
Author: Russell J. Genet

As Revenue Pressures Increase, Tech Transfer Offices Must Evolve

SEPTEMBER 3, 2018
Global University Venturing
Authors: Michael A. Nicolas and Russell J. Genet

Counter-Measures – How Startups Can Fight Pirates Without Burning Cash

AUGUST 3, 2018
Intellectual Property Watch
Author: Michael A. Nicolas

How a Savvy IP Strategy Helps Startups Focus on Growth

JUNE 2018
Corporate Counsel
Author: Michael A. Nicolas

Why Medtech Needs Innovations in the Law Department to Protect Intellectual Property

APRIL 2018
Medical Design & Outsourcing
Author: Cindy S. Ahn

Getting with the Times

FEBRUARY 2018
IP Pro Patents
Author: Cindy S. Ahn

The Funding Factor

FEBRUARY 2018
Intellectual Property Magazine
Author: Cindy S. Ahn

Top-Up Fees

NOVEMBER 2017
Intellectual Property Magazine
Author: William P. Farrell, Jr.

How Longford Capital Protects University IP

OCTOBER 30, 2017
Global University Venturing
Author: William P. Farrell, Jr.

© 2019 Longford Capital Management, LP. All Rights Reserved.

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