Friday, September 21, 2018

Importance of Technology Transfer

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Technology Transfer

        Importance of Technology Transfer        

Contrary to popular belief, publishing your research will not guarantee that someone will notice your search and continue to develop it in a tangible product that will reach the end user. As I mentioned earlier, technologies need to be developed first and it is achieved through collaboration with industrial partners. For example, once the lead compound is identified, it should go through a drug development process, which includes pre-clinical research, development and diagnostic tests. In addition, the drug development focuses on regulatory authorities, such as FDA and later addressing the regulatory requirements of regulatory requirements for marketing approval. Overall, the process can be quite expensive and can be more than $ 100 million per drug compound.

                Why is Technology Transfer Important?

Technology Transfer
The first stage of technology transfer helps develop intellectual property in the basis of the research community for the direct use, or on the basis of new platforms, products or services to be used in the public for products. Successful cooperation between the researchers of various universities or industries is formed in order to advance knowledge or develop technology in a particular field. As a result of these collaborations, licensing opportunities can be sponsored or sponsored, which benefit both partners. In addition, technology transfer ensures that the interests and rights of the University are protected in intellectual property. The University is capable of maintaining intellectual property rights of technology and issuing licenses for conditional use of technology.
Helps in the successful transfer and development of technology research and development of its commercial partners. The University receives recognition and enhances its reputation for its research and innovation potential. The technology license from industry affiliates can also reduce the costs incurred during its research and development phase. Another benefit for the university involves using licensing revenues to support further research and education in the institute. The University patents new technologies to protect their investments in research, which gives them the opportunity to reach the stream of commerce. University's investments in technology help in promoting local economic growth. The ultimate beneficiary of the technology transfer is the public, which benefits from both products and jobs reaching the market as a result of access, manufacturing and sales of products.

I hope this overview helped to illustrate the field of research commercialization. The technology works to complement academic research by pushing innovations in the hands of laboratory doors and industry partners who will develop them in the products for the benefit of the general public. Remember, if you have a research search that helps solve an important problem, if the idea is innovative and unpublished, or if you think that you have done some unique research with commercial potential or research value Do not hesitate to consult your technical transfer office. Here at UNMMD, we are always eager to help Nebraska Medical Center faculty, staff and students with their potential invention.

How is Technology Transfer done?

Technology Transfer

Technology is usually transferred through a license agreement in which the university retains ownership of intellectual property, while industrial partners receive the right to use and develop technology. Prior to the transfer of technology, inventors must define and reveal the nature of their invention in the Institute's Technology Transfer Office. New inventions are evaluated by technical inventors, who determine the potential market for intellectual property status and technology. The Technology Transfer Office will not be able to proceed with invention if there is no intellectual property available, there is no value in the market or industry competitiveness. On the other hand, the inventions of suitable intellectual property and market conditions are adhered to green light and intellectual property rights. After the establishment of intellectual property rights, an invention management and commercialization strategy may begin.

Technology transfer requires an active approach that combines attractive researchers, promotes technology, and encourages potential industrial partners to use technology.
The ultimate goal of the commercialization strategy is to establish a business relationship with another party (for example, employment, sales or licensing) and negotiate contracts (such as compensation). The license is a contract between a licensee (for example, patent holder) and a licensed (for example, an industry partner), in which there are several conditions to satisfy the third party. The licensee may be an established company or a new business start-up (which can be established by the researcher).

The Technology Transfer Office can provide non-exclusive, partially exclusive or exclusive licenses. To provide better opportunities to expand the use of an invention in different areas, many companies can be granted many non-specific licenses. As mentioned above, the industry partner will have to fulfill such a number of situations, which include making satisfactory development or marketing plans, providing information about the company's ability to implement the scheme, to develop inventions within the specified period and Making commercialization, and financial making payments to the university These payments are distributed to inventors and technology Additional research transfer activities, are shared within the organization to provide support for education and participation.

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