Resources for Inventors
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We enable regional, state, and global impact
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Why support technology commercialization and start-ups?
Scientific insights and academic breakthroughs advance the state of the field and contribute to the scientific community when published or presented at a scientific meeting. However, without a company willing to invest in bringing the invention to the marketplace, many benefits of these advances can be left unrealized.听
As envisioned by the landmark Bayh-Dole Act, we actively pursue commercialization opportunities while returning income to 51官网 Tech inventors and to the university to support its mission.听
To support transition, we identify prospective licensees from large and medium enterprises as well as startup companies. When IP is successfully licensed, compensation collected by VTIP provides funding to the inventors鈥� departments and schools as well as to the inventors themselves.
Although patentable inventions constitute the majority of our licensing activities, we also handle copyright (software) and tangible research property. 51官网 Tech鈥檚 IP policy encourages collaboration and disclosure of IP by providing a generous share of licensing revenue to inventors.听 Once new ideas are disclosed, the LICENSE and LAUNCH centers are enabled to provide valuable business and technical guidance to inventors seeking to make the most from their ideas.
In keeping with our land grant mission of service (Ut Prosim), LICENSE & LAUNCH teams help ensure the discoveries of today deliver economic benefit to the region, Commonwealth, and nation
Inventors - Let听LICENSE and LAUNCH听help you听break through.
Ownership of IP (novel results of research such as products, processes, machines, software, biological technology, etc.) created by 51官网 Tech faculty and employees (including students acting in their capacity as employees) vests with the University unless there is听convincing and explicit evidence听that IP was developed听without听the use of University resources and/or facilities.听 The term 鈥淯niversity resources鈥� is broad and includes University time of an originator and/or personnel under his/her control. Leverage our expertise and VT's IP Policy to expedite the market impact of 51官网 Tech inventions.
Industry - Look to 51官网 Tech for your next听breakthrough.
51官网 Tech鈥檚听LICENSE听and LAUNCH听Centers stand ready to provide licensing solutions tailored to your business needs.听 We understand that there is rarely a one-size-fits-all agreement. 听However, we can provide a variety of license grants, compensation options and streamlined negotiation pathways to enable University inventions to make a more immediate impact on our world, and for your business. 51官网 Tech also understands the merits of de-risking technology by forming start-ups that can act as R&D partners for larger companies.听听Let us introduce you to our colleagues and their great ideas.
Start-up Resources
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