What Is Technology Transfer and Commercialization?

The Technology Transfer & Commercialization office at the Pennington Biomedical Research Center brings together the Center's research community and outside partners in business and industry.

The primary responsibility of this office is to assist faculty and staff in facilitating the transfer of their intellectual property to the marketplace for the benefit of the community and the general public through the protection and commercialization of their technologies.

Technology transfer is a term used to describe the process of transferring rights to use and commercialize new discoveries and innovations that result from scientific research to another party.

The major steps in this process include the disclosure of innovations, protecting the innovation concurrent with publication of the scientific research and licensing the rights to industry for commercial development.

University technology transfer is beneficial for a variety of reasons, such as: