UniMAP COMMERCIALISATION PROCESS
(Guidelines For Researchers)
UNIVERSITI MALAYSIA PERLIS (UniMAP) COMMERCIALISATION PROCESS
(GUIDELINES FOR RESEARCHERS)
Observations and experiments during research activities often lead to discoveries and inventions. An invention is any useful process, machine, or any new or useful improvement of the same.
2. Intellectual Property (IP) Disclosure
An IP Disclosure is a confidential document, and should fully document your invention, so that the options for commercialization can be evaluated and pursued.
3. Intellectual Property (IP) Protection
E-CIP reviews the IP disclosure (with your input) and conducts patent searches to identify the novelty, inventive and industrial applicability of your invention. Patent protection, a common legal protection method, begins with the filing of a patent application with MyIPO and, if appropriate, foreign patent offices. Once a patent application has been filed, it can require several years. Other protection options include copyright and trademark.
The period in which E-CIP reviews the IP disclosure, analyzes the market, and competitive technologies to determine the invention’s commercialisation potential. The assessment process will guide our strategy on whether to focus on licensing to an existing company or creating a new business start up or assignment.
With your involvement, E-CIP identifies potential companies that have the expertise, resources, and business networks to bring the technology to market. This may involve partnering with an existing company or forming a start-up. Your active involvement can dramatically enhance this process.
- Form A Start-Up, If creation of a new business start-up has been chosen as the preferred commercialization path, E-CIP will work to assist the founders in planning, creating and finding funding for the start up.
- Assignment, In some cases, an assignment is used, which is the transfer of ownership. Assignment involves transferring rights, titles and interests to the new owner (assignee). This is usually affected by selling the IP for money consideration. No assignment is in effect unless it is in writing.
- Licensing, If the invention will best be commercialised by one or more existing companies, E-CIP will seek the potential licensees and work to identify mutual interests, goals, and plans to fully commercialise this technology. A license agreement is a contract between the University and third party in which the University’s rights to a technology are licensed for financial and other benefits.
The licensee or start-up company continues the advancement of the technology and makes other business investments to develop the product or service. This step may entail further development, regulatory approvals, sales and marketing, support, training, and other activities.
Revenues received by the University from licensees are distributed in the following: 80% to inventor, and 20% to the University.