Show notes
Technology transfer is often described through patents, licenses, startups, and commercialization strategy, but rarely through the lens of a board game. In this episode of AUTM on the Air, we talk with Guru Venkatesan, a business development manager at Fred Hutch and the creator of Royalty Stacks, a tech-transfer-inspired game built around patents, licenses, and leverage. The game gives players a chance to take ideas, decide how broadly to protect them, and choose whether to bring them to market through startups, exclusive licenses, or non-exclusive partnerships, all while navigating knock-offs, hostile takeovers, shifting market conditions, and the occasional boost from a rich uncle’s seed fund.Guru’s own path into technology commercialization has been anything but linear. He grew up in a small town in India with an early interest in visual arts, but after a classic family plot twist, he studied engineering instead. He earned his bachelor’s degree in India, moved to Tennessee for a PhD in Biomedical Engineering, and later founded Tech Carnivol, a Coachella-style festival for science and engineering during graduate school. His introduction to technology commercialization came at the University of Minnesota, where he worked under Leza Besemann and quickly fell in love with the field.The conversation explores how Royalty Stacks turns the everyday decisions of tech transfer into something people can actually sit down and play. Guru shares how he designed the game to balance strategy, humor, and education, why accessibility mattered as much as authenticity, and how concepts like patent enforcement, licensing pathways, portfolio building, collaboration, and market risk show up around the table. He also reflects on AI’s growing role in tech transfer, the challenge of explaining the profession to people outside the field, and what he hopes players will better understand about the long, risky, and often creative journey from idea to product.In This Episode:[03:00] Guru Venkatesan shares how his early interest in visual arts, a missed medical school cutoff, and encouragement to pursue engineering eventually led him to biomedical engineering.[06:13] The idea for Royalty Stacks came during a late-night moment when Guru realized tech transfer naturally behaves like a strategy game built around patents, licensing, risk, timing, and market forces.[09:43] Student-led technology festivals in India inspired Guru to create Tech Carnivol, a U.S. event with competitions, hackathons, robotics, and other hands-on science and engineering activities.[12:18] The challenge of explaining specialized fields to broader audiences leads into how Royalty Stacks makes patents, licensing, and commercialization easier to understand.[15:02] Guru walks through the basic gameplay of Royalty Stacks, including idea cards, patent filing, development, launch cards, play money, and power cards.[18:57] Patent regions, licensing territories, and revenue payouts are simplified for gameplay while still pointing toward real tech transfer concepts.[21:50] Launch Knock-Off and Enforce Patent introduce competition, copycats, and patent enforcement, with rock-paper-scissors adding a quick and lighthearted way to settle disputes.[25:25] Hostile Takeover and Collaborate create both adversarial and cooperative paths, giving players a chance to attack, protect, partner, or take strategic risks.[29:23] Corporate Roulette brings advanced gameplay into the mix through market events, windfalls, risks, moats, and humorous cards that can help players or disrupt opponents.[31:25] New players often begin to understand that patents matter, but also that protection alone is not enough without enforcement and commercialization strategy.[34:12] The game’s two winning conditions create more strategic tension by allowing players to win through cash or through a diversified portfolio and a late-game acquisition.[36:25] Guru sees Royalty Stacks as a tool for the AUTM community, whether for family play, office team building, faculty engagement, or startup incubator education.[39:20] Guru reflects on the irony of being a tech transfer professional commercializing a product about tech transfer, while relying more on copyright, branding, and a possible trademark than patents.[42:33] AI could reshape licensing and portfolio management roles by reducing time spent on document review and creating more space for marketing, relationship management, and overlooked technologies.[44:40] Royalty Stacks is launching on Kickstarter, with the campaign planned for June 16 through July 17 and expected delivery to backers in January 2027.[45:18] Guru hopes players walk away with a better appreciation for the work, risk, and execution required to move an idea from concept to product.Resources: AUTMGuru Venkatesan - LinkedInFred HutchRoyalty Stacks Creator IntroRoyalty Stacks Kickstarter