Process
Process
Process
The Office of Technology & Commercialization (OTC) guides inventors through the process of technology licensing. The five-step process includes: Disclosure, Evaluation, Assessment, Protection and Commercialization.
Disclosure
Filing an invention disclosure is the first step in protecting your intellectual property.
Evaluation
The OTC reviews the invention, analyzes the market and competitive technologies and determines the patent and commercialization potential.
Assessment
A legal agreement is prepared and signed to bind the negotiated terms of the use of the technology and responsibilities of the inventor and licensee.
Patent Protection
Patent protection begins with the filing of a patent application with the U.S. Patent Office and, when appropriate, foreign patent offices.
Commercialization
The licensee continues the advancement of the invention to enhance the technology, reduce risk, prove reliability, and satisfy the market requirements for adoption by customers.