COMMERCIALISATION

 FREQUENTLY ASKED QUESTIONS (FAQ)

FACULTY

For faculty members embarking on the journey of translating groundbreaking research into real-world impact, the path to commercialisation can be both exciting and daunting. To demystify the process, we've compiled a list of frequently asked questions tailored to the needs of university researchers. This guide, which includes your initial query, aims to provide clarity and direction at every stage of the commercialisation lifecycle.

Getting Started

What is research commercialisation and why should I consider it?

Research commercialisation is the process of translating your research discoveries and inventions into products, services, or companies that create economic and societal value. Engaging in commercialisation can lead to your research having a broader impact, generating new funding streams for your lab, fostering industry collaborations, creating student opportunities, and contributing to economic growth and job creation.

How do I know if my research has commercial potential?

Not all research is destined for the marketplace. Key indicators of commercial potential include research that solves a significant problem, addresses an unmet need, or offers a substantial improvement over existing solutions. Our team can help you evaluate and assess the commercial aspects of your discoveries to determine their potential.

I am starting a research at the university, what should I do in terms of commercialising my research?

If you are about to start a research project, it's crucial to first consider safeguarding its protecting the intellectual property prior to commercialisation steps. Follow these steps:

Step 1 – Contact the Innovation Office, OAVCRIS team to discuss your research and explore the available protection options. This ensures the assessment and application of suitable protection measures such as patents, copyrights, or trade secrets. Generally, any work conducted as part of your employment will be considered as part of the university’s IP.

Visit UBD IP Policy for full details on IP protection.

Step 2 – Submit an Invention Disclosure Form (IDF) to Innovation Office, OAVCRIS.

Step 3 – To support commercialisation efforts, our team will offer comprehensive assistance through UBD's entrepreneurial ecosystem, including access to capacity building & funding support.

Remember that early engagement with our office can help you strategically plan your research and its potential for impact beyond academia.

Understanding Intellectual Property (IP)

What is Intellectual Property (IP) and why is it important?

Intellectual Property refers to development of the mind, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce. The primary forms of IP protection for university research are patents (for inventions), copyright (for software, publications, and creative works), and trademarks. Protecting your IP is crucial as it grants the university the exclusive right to commercialise the invention, which is a key factor in attracting industry partners and investment.

What is the impact of publishing or presenting my research on patentability?

Generally, the university owns the intellectual property created by its employees during their employment. This is standard practice across most research institutions and is outlined in the UBD IP Policy. This policy also includes the commercialisation framework and provisions for sharing any financial returns from the commercialisation activities between UBD and the inventors as incentives to further research and innovation.

Visit the UBD IP Policy for full details on IP ownership at UBD.

What is the impact of public disclosure on my research's IP protection?

A public disclosure of your research can be a double-edged sword. While it is essential for disseminating knowledge and academic progress, it can have significant and often irreversible consequences for your ability to protect your intellectual property (IP), particularly when it comes to securing a patent.

Understanding the implications of public disclosure is crucial for any researcher. In essence, any non-confidential communication of your invention or research findings to the public can be considered a public disclosure.

The primary impact of such disclosures is on the novelty of your invention, a fundamental requirement for obtaining a patent. Once an invention is publicly disclosed, it becomes "prior art," meaning it is no longer considered new in the eyes of patent law. This can prevent you from obtaining a patent altogether.

How to not jeopardise my research's public disclosure?

To safeguard your potential IP rights, consider the following best practices:

  • File Before You Disclose: The most prudent approach is to file a patent application BEFORE any public disclosure. This secures your priority date and preserves your ability to seek patent protection globally.

  • Utilize Non-Disclosure Agreements (NDAs): When discussing your research with external parties, such as potential collaborators or investors, always use a well-drafted NDA. This ensures that the conversation remains confidential and does not constitute a public disclosure.

  • Be Mindful of 'Informal' Disclosures: Be cautious in all forums, including online platforms and informal discussions. What may seem like a casual conversation could be interpreted as a public disclosure.

  • Consult with Innovation Office, OAVCRIS: Before any publication, presentation, or other disclosure, consult with them. They can provide guidance on the best strategy for protecting your IP while still allowing for the dissemination of your research.

Understanding the Commercialisation Process

How long does the commercialisation process take?

The timeline for commercialisation can vary significantly depending on the nature of the technology, the stage of development, market conditions, and the chosen commercialisation path. It can range from several months to many years. We are committed to working with you at every step of this rewarding journey.

What are the main pathways to commercialise my research?

The two common routes for commercialisation at UBD are:

  • Licensing Agreement: Granting an existing company the rights to use, develop, and sell your invention in exchange for fees, royalties, or other forms of compensation.

  • Spin-off Company: Creating a new company to develop and commercialise your invention. This is often the preferred route for platform technologies or when a dedicated team is needed to bring the product to market. They will normally be scouted to become member of UBD Startup Centre.

Our team will work with you to determine the most appropriate strategy for your specific invention and your personal aspirations.

Will I be financially compensated if my research is commercialised by the university?

The short answer is yes, in most cases, you will be entitled to a share of the financial returns if your invention is successfully commercialised by the university. However, the specific amount and the terms of this compensation are governed by the current UBD IP Policy.

When a university commercialises a research/invention, typically through a licensing agreement with an existing company or by forming a startup, it generates revenue in the form of royalties or license fees. After deducting the direct costs associated with protecting and commercialising the IP (such as patent filing fees and legal expenses), the remaining Net Revenue is shared between UBD and the inventor(s).

Please visit the UBD IP Policy for full details of the compensation structure.

Working with Industry & Funding Support

How can I find industry partners for my research?

The IEED Office maintains an extensive network of industry contacts and can assist in identifying potential partners for collaboration and licensing opportunities. We also encourage you to leverage your own professional networks.

If you already have a prospective licensee in mind, our team is happy to provide support and help facilitate introductions to companies that may be interested in your research. Feel free to reach us!

The Technological Readiness Level (TRL) of my research is still at an early stage. I require additional funding to further develop the technology and enhance its commercialibility. What funding opportunities are available to support this?

We encourage researchers to first explore funding through their faculty’s research grants. You may also be eligible to apply for the university’s Innovation Seed Grant (ISG). For more information on the criteria and application process, please contact the Innovation Office, OAVCRIS.

Alternatively, feel free to reach out to us — we’ll be happy to advise on any available funding opportunities from our stakeholders and external parties.

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