Step One: Idea and Invention Disclosure
The Inventor submits an Invention Disclosure Form to the Technology Commercialization Office. The case is assigned and a member of the staff will meet with the inventor to review the technology and begin the opportunity assessment process.
Step Two: Opportunity Assessment
The TCO staff member screens for technical readiness, market potential, and IP strength. Inventor participates in the process and provides relevant data as appropriate. If more information is needed to complete the assessment process, return to Step One.
Step Three: Protect
Always use Confidentiality Agreements for detailed discussions with third parties. Guard against premature presentations and publications which could preempt potential for patents. If appropriate, a provisional patent application can be filed which provides one year of protection. Copyright protection is automatic, so no additional steps are required to protect copyrighted works at this point.
Step Four: Marketing
TCO contacts potential licensees identified in the Assessment stage to determine the level of interest. If no interest or potential is confirmed within one year, most technologies will be returned to the inventor for further development.
Step Five: Patent Portfolio
For promising technologies which are not licensed, a cost/benefit review will be made to determine if the technology should be protected and held in the patent portfolio to allow time for additional marketing and/or research
Step Six: License and Commercialize
The TCO negotiates licenses with prospects identified in the marketing stage, monitors milestones and handles royalty payments.
The licensee continues the advancement of the technology and makes other business investments to develop the product or service. This step may entail further development, regulatory approvals, sales and marketing support, training and other activities.