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
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:
- Recognition for discoveries made at the institution
- Compliance with federal regulations
- Attraction and retention of talented faculty
- Local economic development
- Generate licensing revenue to support further research
Please contact the Technology Transfer Officer for any questions you may have concerning the technology transfer process.