Technology Transfer is the process by which knowledge and intellectual property rights are moved from one person or organization to another. Governments and business sectors around the world recognize the fundamental significance of innovation and the commercialization of new technologies contribution to economic growth. Technology transfer, especially intellectual property licensing play an instrumental role.
Technology Transfer Steps
Prior to public disclosure, make early contact with the campus Technology Transfer Office. Technology transfer personnel will provide direction for disclosure, assessment, and patenting processes. Submit your Invention Disclosure Form—which is an important legal document for technology transfer agreements. The campus Technology Transfer Office will provide the Invention Disclosure Forms and guidance. If you do not feel your research is at the point to warrant a formal invention disclosure, contact the campus Technology Transfer Office for guidance. Auxiliaries should consult with their appropriate auxiliary resources.
The campus Technology Transfer Office will evaluate your idea and pose questions such as: Is there a market for your discovery? Can your technology be protected? Is your concept nuanced, non-obvious, and valuable? Are there any prior art issues? A technology transfer representative will review the invention disclosure, evaluate the market for competitive technologies, and determine commercialization prospects.
If the campus Technology Transfer Office decides to pursue patent protection, an outside patent attorney and our office will begin to work with you to draft a patent application. Auxiliaries should consult with their appropriate auxiliary resources. Our patent attorneys will provide innovative analysis for suggestions, submissions, and claim coverage during the patent drafting phase. After patent application submission, you may be called upon to work with the patent attorney to address any office actions from patent officials. Typical patent reviews often take two to three years from application to issuance.
With your input, the campus Technology Transfer Office identifies possible licensees and will market your technology to interested companies. Non-disclosure agreements are sometimes used with potential licensees to assess claims and technical suitability. Your active participation is crucial to identify credible networks for market commercialization.
The campus Technology Transfer office will seek to license the invention to a third party. The license is a negotiation between your CSU campus and the commercial partner. The inventor’s expertise is beneficial throughout this process. Royalties received by your campus from licensees are distributed according to your campus Intellectual Property Policy.
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