Mr. Richard W. Newman received a B.S. in mechanical engineering from Cornell University and an M.S. in mechanical engineering from Syracuse University with concentration in courses in medicine from Upstate Medical Center. He designed medical diagnostic devices for 40 years for Welch Allyn Inc. For 18 of those years Mr. Newman ran an advanced research group that determined how medicine would be practiced 10 years in the future and assimilated technologies that would fill the market needs. He was awarded 13 US patents and has 9 pending applications. For the last three years before retiring from Welch Allyn, Mr. Newman assisted Professor Hagelin in teaching his course in technology transfer by adding experience in technology assessment and commercialization. Mr. Newman’s areas of interest include strategic planning, technology evaluation, market analysis, licensing, product development, intellectual property, and creation of alliances. In addition to teaching at Syracuse University College of Law, Mr. Newman holds the position of visiting lecturer in the Department of Biomedical Engineering and is on several advisory boards at Cornell University. He continues to consult for Blue Highway LLC, the research entity within Welch Allyn Inc.