Commercialization

Technology transfer and commercialization

A substantial amount of research is being conducted at 六合彩开奖数据 Michigan University resulting in new findings, developments and discoveries that can benefit society. The transfer of these discoveries to the commercial sector is coordinated through Technology and Commercialization, the "technology transfer" function at WMU. The Office of Research and Innovation oversees management of WMU's intellectual property and its commercialization. Contact ORI聽regarding research discoveries that may have commercial value, for securing IP rights (e.g., patents, copyrights) for such discoveries, and for IP commercialization strategies. ORI also provides consulting on how to work with corporations regarding IP issues and sponsored research, and how to maximize research impact by combining publications with IP rights.

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Benefits of inventorship and commercialization

There are several benefits and rewards of inventorship and participation in commercialization at WMU. Among them are:

  • Professional recognition and career enhancement.
  • Potential to open up new funding sources for research鈥攖he corporate sector.
  • A chance to become more competitive for landing government grants. The government wants to see a track record of generating IP.
  • Opportunity for personal financial gain, which can be significant.
  • Opportunity for bringing more resources back to WMU colleges and departments to support further research activities.
  • Compliance鈥攄isclosing IP is mandatory for complying with the terms of most, if not all, sponsored research and with WMU policy.
  • Contribution to public welfare and economic growth through improved products, processes and services.

Commercialization process

  1. Research鈥擳he process of discovery and "proving the concept" for a new technology.
  2. IP/technology disclosure鈥擜fter the concept has been proven, the researcher needs to officially "disclose" the discovery to Technology and 颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听via the IP/Technology Disclosure Form.
  3. Technology assessment鈥擳echnology and Commercialization reviews disclosure for patentability, practicability, market potential and the need for IP rights.
  4. Filing for intellectual property protection鈥擳ypically patent, copyright and sometimes trademark protection.
  5. Commercialization鈥擳he Technology and 颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听group helps find investors or corporate partners interested in the new IP. This may require WMU negotiating commercialization contracts such as license agreements.聽

Also be aware that dissemination of certain IP or research materials may require negotiating material transfer agreements.

The Role of Technology and聽Commercialization

WMU Technology and 颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听will provide advice on general issues related to patents, copyrights, and commercialization or licensing of technology. It will conduct an internal evaluation of the IP/Technology Disclosure Form and, when appropriate, obtain outside advice regarding the patentability of the invention. Technology and 颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听will usually meet with the inventors as a first step in the evaluation. In some cases, industry feedback is sought as part of the evaluation process. If Technology and聽颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听agrees that IP protection is appropriate, it will usually provide for legal expenses and subsequent maintenance fees for IP protection. Finally, Technology and聽颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听can assist inventors in licensing and other commercialization efforts.

Technology and 颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听incurs an ongoing expense and possible legal risks whenever patent applications are filed. Consequently, it is interested in filing patents that are likely to result in revenue to the inventor and the University. This revenue may come in the form of additional research sponsorships, licensing fees, royalties, and possibly equity interest in new companies established using the University鈥檚 intellectual property.聽

Things for the inventor to remember

  • Keep excellent records of all ideas, concepts and strategies for development and implementation. This information is sometimes critical in the legal determination of inventorship.
  • Inventions should not be disclosed publicly until after the patent is filed or until a meeting has taken place with the Technology and 颁辞尘尘别谤肠颈补濒颈锄补迟颈辞苍听group. Public disclosure includes oral presentations at scientific meetings, external seminars, publication as a thesis or dissertation, as well as publication in a scientific journal. In the United States, there is a 12-month grace period after public disclosure during which a domestic patent application can be filed. This does not apply in other countries. The ability to patent an invention outside of the United States is lost after a public disclosure. Loss of international patent rights can substantially reduce the commercial value of an invention and may negatively affect the ability to commercialize.

Technology development fund

The WMU research supports commercialization efforts at WMU through the Technology Development Fund.

Startup Launch Fund聽

The Office of Research and Innovation聽supports WMU tech startup company launches through the Startup Launch Fund.聽This year's competition is complete; future opportunities will be posted as available.

Contact

ORI Intellectual Property

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  • image of cover of Research Annual Report 2018