The University-Industry Liaison Office rigorously reviews commercialization opportunities so that the University and the community benefits from translational discoveries emanating from University labs across campus.
It is important to note that you engage with the UILO even before a disclosure is submitted. The UILO can identify key issues and advise on the best commercialization path if the PI chooses this route. To achieve the greatest success, the UILO strongly believes that working closely and earlier in the process offers the greatest benefits. At certain instances, however, delaying intellectual property protection or a public disclosure through publication may be the chosen strategy. It would depend on factors such as market saturation, uniqueness of the invention, valuation of the invention, regulatory pressures, barriers to entry etc.
We follow an integrated 6-step process form the time you present your discovery to the commercialization stage.
1. INVENTION DISCLOSURE
- File a disclosure using our convenient secure and confidential web link
2. INVENTION ASSESSMENT
- Our Business Development Professionals will assess the commercialization potential of the invention by assessing our proprietary IP, market and business databases
3. PROTECTION OF THE INVENTION
- Our team will work closely with the inventor(s) and an external IP legal team to protect your creation before the commercialization plan is implemented
4. MARKETING AND OUTREACH
- The UILO Office will consider several avenues to ensure the invention is mobilized for society’s benefit. We will actively market the invention, the team and the research to ensure maximum exposure to industry and other interested parties
5. AGREEMENTS AND LICENSING
- The commercialization process can take many forms to enable the effective translation of the invention from supporting a startup or licensing to an established industry leader. Executed agreements between the inventors, the University and the partner are the essential first step to creating a fruitful relationship to further the development of the research and associated inventions
- Follow-up is important to ensure milestones are met and essential resources are available to nurture the collaboration or partnership