The Office of Technology Management has adopted a documented, systematic, and timely process for the analysis, protection, and commercialization of University intellectual property.
Intellectual Property Disclosures
The OTM actively reaches out to faculty to encourage disclosures.
Within eight weeks of receiving a disclosure, a technology manager presents a business-case analysis, called a screening evaluation, to the office with a recommended course of action on commercialization. The results of the screening evaluation are then presented to the inventors.
Academic and Other Licensing
Academic/Open Source/Material Transfers The OTM develops other agreements that facilitate non-commercial technology transfer (such as material transfers, academic-use, or open source licenses.) Such agreements enable the technology or invention to be utilized while still preserving certain rights for commercialization in the future.
Commercial Licensing Assessment
When warranted, the office engages the services of outside consultants to connect with industry experts and add to the OTM’s understanding of the potential market for the technology and help determine further patenting and marketing actions.
Considerable time and resources are devoted to researching and contacting the best possible licensing partners.
The OTM conducts license negotiations with interested industry partners, including start-up companies, taking care to formulate the best possible contracts.
After a technology is licensed, the OTM continues to monitor the licensing organization to ensure all terms and conditions are adhered to, and the technology is successfully taken to market.