Commercialisation

1.0      What is commercialization?

Commercialization is the process of technology transfer of protected intellectual property that is produced by researchers to the industry that will create nation’s wealth

 

2.0      What to commercialize?

Intellectual Property Tool Kit:

  • Copyright
  • Patents
  • Trade Marks/brand names
  • Industrial Design
  • Integrated Circuits
  • Trade Secrets or Confidential Information

 

Intellectual Asset:

  • Explicit codified knowledge
  • Manuals
  • Best practices
  • Databases
  • Codified R&D research
  • Processes
  • Reports
  • Brand names

 

3.0      Why do you commercialize?

Benefit to Researcher

  • Making your research more meaningful and gaining recognitions from the public
  • Working with industry which can lead to further funding for your research
  • Working with industry which may financially support your students, provide them invaluable experience and potentially further their career paths.
  • Monetary compensation in the form of equity, licensing fees or royalty payments

 

Benefit to University

  • Public will benefit from university research
  • Create a university’s research environment
  • Lasting industrial partnership and relationships
  • Income for the University and create job opportunity
  • Wealth creation to the nation
  • Generating intellectual property obligations to research sponsors

 

4.0      What are the methods to commercialize?

In UTM, methods to commercialize her IPs are through:

  1. Spin-off / joint-venture companies
  2. Commercialization projects
  3. Licensing

 

4.1      Generally for the three methods above involve with negotiation:

Points for discussion during a negotiation:

  • Identification of contracting parties
  • Subject matter
  • Non Disclosure Agreement
  • Warranty period
  • List of deliverables and milestones
  • Intellectual Property ownership
  • Specific consideration for transaction
  • Types of licences
  • Roles and obligations of licensors/licensees
  • Financial provisions
  • Duration and termination
  • Applicable law
  • Waiver clause
  • Liquidated damages/ penalty cause
  • Where the research involves the use of any specimen belonging to a recipient, use of the specimen by other organizations shall be effected through the signing of Material Transfer Agreement