By mobilizing knowledge and licensing discoveries, the innovative output of U of L researchers can significantly impact local, national and global populations in many ways.
Academic impacts, stemming from the completion of the innovation cycle through the attraction of industry partners that may: provide funding for further research at U of L, supply interesting and relevant research problems to U of L researchers collaborate and allow access to interesting datasets. Such activities providing opportunities for the generation of academic papers and the training of students with industry relevant skills.
Societal impacts may include human and animal health, environmental or sustainability benefits, and improved working or social activities.
Economic impacts include employment, investment and income for a region.
Financial impacts include returns to the inventors and U of L from the licensing deals surrounding the commercialization of a technology.
Achieving these impacts can occur by following different pathways to advance discoveries, and may involve the well-established licensing process or newer forms of knowledge mobilization.
Phase I: Research Phase II: Assessment Phase III: Development & Marketing