FREQUENTLY ASKED QUESTIONS
1. What is the role of the Intellectual Property & Commercialisation Unit (IPC Unit) at ECIP?
The responsibility of the IPC Unit at ECIP is to manage the technology transfer process such as identify, assess, protect and market commercially viable intellectual property developed at UniMAP. The IPC Unit will reviews intellectual property disclosures submitted by UniMAP researchers and initiates steps to protect the rights of the discovery, including the filing of domestic and international patent, when appropriate. The IPC Unit seeks, negotiates, manages, and monitors commercial licensing agreement and also ensures compliance with UniMAP’s Intellectual Property & Commercialisation Policy.
2. What is technology transfer?
Technology transfer is the process of transferring knowledge, methods, or discoveries from the university to others. This process generally involves disclosing, protecting, and licensing the rights of the invention to others for further development or accessibility. There are many reasons to engage in this process:
- • Recognition of the discovery.
- • Public good.
- • Economic development.
- • Foster corporate research support.
- • Licensing revenue to support further research.
3. Why disclose an invention or discovery to Intellectual Property & Commercialisation Unit (IPC Unit) at ECIP?
There are several reasons:
- • Disclosure to the IPC Unit starts a process of protecting and marketing the innovation that provides the greatest opportunity to be commercialized and to be used in practice for public good.
- • Provides greater opportunity for the innovation to generate revenue to be shared among the innovator (s) themselves and UniMAP.
4. When should I disclose an innovation to the Intellectual Property & Commercialisation Unit (IPC Unit) at ECIP?
As soon as you believe you have created new intellectual property, and definitely before any public disclosure of the IP. Public disclosure of the innovation can prevent a patent from being granted, and without patent protection, companies are less likely to invest in turning the innovation into an actual product.
5. Who owns the intellectual property created?
UniMAP generally owns all IP developed by employees in their field or expertise or duties or created using university resources.
6. Why is intellectual property important to inventor?
It directly benefits an inventor to create and protect intellectual property in three ways;
- • The inventor(s) benefit under the university’s intellectual property policy by sharing in the financial rewards of licenses.
- • Licensing efforts often either establish or strengthen ties to industrial firms, and there reinforced relationships can directly improve opportunities for additional sponsored research.
- • Those inventor(s) who want their work to be used and relevant can do so through creation, protection and licensing intellectual property.
7. How are licensees found for new technologies?
Licensees can be identified in many ways. First the inventors often are aware of the commercial companies who would be interested in the work. Industry-specific marketing efforts including trade show participation, affiliations and market research carried out by ECIP also serve to identify potential licensees.
8. What is Confidentiality Agreement?
These types of agreements outline what information is confidential, what and how information can be shared, and what information should be restricted from other parties. These agreements allow parties to discuss details of their business and inventions without the fear of making important information to the public.
9. How much inventor involvement is there in the licensing of technology?
ECIP encourages the participation of inventors. The more involved and interested the inventor(s) are in the licensing of a technology the higher the chances are that successful licenses will be secured. Normally the inventor(s) are the best source of information on what companies would be interested in licensing the technology.
10. How long does it take to execute a License Agreement?
Every license is unique in that it brings together university intellectual property to solve a company’s specific problem(s). Once the intellectual property is identifies by the company, terms of a license need to be negotiated to a mutually acceptable answer. Execution can take as little as a few weeks to over a year, depending on the complexity and the response times of all involved.