IP commercialisation is "the process of introducing a new product, process or service resulting from academic research to market". UNNC is open to discuss diversified and mutual beneficial partnership models.
IP commercialisation is a major means of delivering impact to society and economy
- A patent can help in transferring research to industry for impact and commercial purposes….
- Enhance our reputation
- Business influence / Thought leaderships
- Impact on local society and economy
- Diversified income
It contributes to the University Strategy (vision & mission)
- Solve problems and improve lives
- Stewards of a pioneering and entrepreneurial tradition of creativity and innovation
- Empower students and staff
It contributes to UNNC CDP
- We aim to deliver the impactful research and knowledge exchange activities...to make a difference to the community
- Financial sustainability over a long term
Licensing/Assignment
Transfer the IP rights to use, or sell IP rights to an external company.
- Usually in exchange for a royalty payment
- Or other milestone payments
Companies often work closely with the researchers to complete development of technology (transfer of know-how etc.)
- They are usually 'exclusive' but can be non-exclusive (e.g. one tomany licenses for software etc.)
Spin-out
Create a new company (startup, JV, investment, other like patent pool).
- Spin-out equity converted from University IPRs
- Inventors, investors and University all have shares
- Often employ the researchers
EXIT is what we want, exmples include lPO, trade sales and more.