Process
Process
Process
Technology transfer is the transfer of knowledge and discoveries from the lab to the marketplace. The 5-step process includes Disclosure, Evaluation, Assessment, Protection and Commercialization.
If you have any questions or concerns regarding the process of Commercialization, please refer to our Process Model below, or feel free to contact our team.
Disclosure
Inventor submits an invention disclosure form to OTC. Disclosure is checked for completeness. OTC contacts the inventor, and assigns a specific number to the invention.
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. This involves the marketing and development, support and training, distribution of the invention, milestones, compensation, and equity.