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Request New Inventor’s GuideCommercialization Approaches
There are a number of ways to transfer inventions, including software, to interested parties outside the University, such as companies, publishers, distributors, other universities, and research organizations. After you, the faculty or staff member, have become aware of a new discovery, a UM Tech Transfer Licensing Specialist can discuss with you the various manners of commercialization and the factors to consider when selecting the most appropriate transfer mechanism.
These are the typical transfer mechanisms that we employ:
License to an Existing Entity:
- This is the primary technology transfer activity at the University of Michigan, and involves licensing to large and small companies.
- If your invention is created under a sponsored research agreement, Tech Transfer will work with the appropriate DRDA representative to review any obligations to the sponsor.
License to a Start-up:
- Sometimes commercialization of the invention is best suited via the creation of a start-up company (a new company created to commercialize a particular technology). Inventors may participate in these start-up companies in a variety of ways, and UM Tech Transfer is available to discuss ideas with you.
- UM Tech Transfer structures licensing agreements with UM start-ups with an emphasis on helping the company become viable.
- For assistance with forming a start-up, please visit our web pages for entrepreneurs and contact a UM Tech Transfer New Business Development Specialist. UM can provide assistance with evaluating the feasibility of your business idea, creating a business plan, finding sources of funding, and locating office/lab space.
Printed from: http://www.techtransfer.umich.edu/resources/inventors/commerce.php