Are you a researcher working on an innovative idea, technology or method? Have you considered the commercial potential of your findings? More and more researchers are being encouraged to collaborate and commercialise their intellectual property (IP), but where should they start?
If you’re new to the world of tech transfer, there are a few key points you should remember:
- Research commercialisation is the process of taking new technology and ideas and transforming them into marketable products. There are numerous benefits to engaging in commercialisation, both for the university and the IP creators.
- Learn the basics of IP. This will help you identify your own IP and what kind of protection may be required.
- Reach out to your technology transfer office (TTO) early. The TTO helps researchers, other staff and students to identify, protect and commercialise IP.
- Consider your commercialisation pathway - the best strategy might be to sell or license IP, to create a spin-off business, or to collaborate in commercialisation with an industry partner.
- If you want to license your IP you can list your patent on Source IP. Source IP provides a platform to promote innovations and connections with industry partners for commercialisation and research development opportunities.
- Once you find at industry partner who you want to collaborate with, use our IP Toolkit for Collaboration to help simplify the process.
As part of the National Innovation and Science Agenda (NISA) there are a number of programs available to support researchers on the commercialisation journey.