What types of commercialization of research results should the university support and encourage?
- Licensing or sales of IP,
- Start-up and Spin-off
What is a license?
A license is a permission to use intellectual property granted by the owner or controller to another party. A license agreement defines the rights of the licensee to use the technology and the responsibilities of the licensee to bring the technology to market and to compensate the university and inventor(s). In the technology commercialization context, the licensed intellectual property is usually one or more patents, but it can also be know-how, trademarks, or copyrighted materials such as software.
What is the relationship between an inventor and a licensee?
The license agreement is between the university and a licensee. The inventor is not a party to that agreement. The inventor will have ongoing obligations to participate in patent prosecution activities and may be asked by the licensee to assist with commercial development activities under separate arrangements with the licensee.
Start-up and Spin-off
|Created by||University||Outside University|
|Technologies||Owned by University||Licensed to the start-up by University|
|Managed by||University staff||Outside Univ.|