We partner with University researchers who are developing technologies with commercial potential.
Benefits of Working with OTC
Transferring discoveries to the commercial market:
- Allows you to see your work benefit society
- Leads to new products and services that improve quality of life
- Creates new businesses and jobs
- Attracts research sponsors
- Provides recognition and financial reward for you and the University
- Increases industry contact and chances for student employment
Evaluating Intellectual Property
Patenting decisions are not based solely on technical merit. Only those technologies judged to offer reasonable commercial potential and return on investment will be selected for further processing. Using a well-defined process, the office decides which disclosures offer enough financial or public good potential to be supported by patent funding and administrative support.
Disclosing Your Invention
The University requires you to report inventions that may be patentable—those that are novel, useful, and nonobvious.
Commercializing inventions and discoveries helps University research results reach the public. Companies that license inventions can perform the development, testing, manufacturing, and distribution not available at the University for medical devices, pharmaceuticals, software, sensors, new fruit and grain varieties, and machines.
The University owns all intellectual property:
- Created by University employees in the course of their employment
- Created by individuals, including employees, students, post-doctoral or other fellows, using substantial University resources
Students own the intellectual property they create as part of a course taken for credit, so long as they use only resources routinely available to all students in the course.
The University owns student-created intellectual property when:
- It was created as part of their job duties as a University employee.
- It resulted from research supported by external or internal funding.
- It was created during course work based upon pre-existing University-owned intellectual property.
- A University employee or outside individual is a co-inventor.
- It was created through funding from an Undergraduate Research Opportunities Program (UROP) award.
Under the Regents Policy for Commercialization of Intellectual Property Rights, 15 percent of the income that results from commercializing your invention will go toward defraying our operational costs; right now, we return 7 of the 15 percent back to colleges. A separate portion will be used to recover the out-of-pocket costs of protecting and licensing the intellectual property behind your invention.
Of the remaining income:
- You receive a 1/3 share.
- Your college and department receive a combined 1/3 share to support laboratories and research projects.
- The Office of the Vice President for Research receives the final 1/3 share to support further commercialization activities and to fund research and scholarly activity.
Learn more about technology commercialization: