COMMERCIALISATION

 FREQUENTLY ASKED QUESTIONS (FAQ)

STUDENT

For students with innovative ideas or research outcomes that hold real-world potential, exploring the path to commercialisation can open up exciting new opportunities. Whether you're working on a final-year project, pursuing postgraduate research, or simply curious about entrepreneurship, the journey can feel unfamiliar at first. This FAQ guide is designed specifically for students to help you navigate the basics of commercialisation, understand available support, and take confident steps toward turning your ideas into impact.

Collapsible content

What is research commercialisation?

Research commercialisation (also known as 'technology transfer' or 'knowledge transfer') is the process of turning research discoveries, inventions, and novel ideas into practical applications that can benefit the public. This could mean creating a new product, a service, a social enterprise, or launching a startup company. We can help you to navigate that journey from idea to impact.

My idea isn't fully developed yet. Is it too early to contact you?

It's never too early! In fact, engaging with us early in the process can be very beneficial. We can help you identify key strengths, potential challenges, and the best steps to take next. A confidential discussion with our team can help you shape your idea and protect it properly before you share it publicly.

As a university student, how can I protect the intellectual property of an invention I created during my studies?

Protecting your invention begins with understanding your university's intellectual property (IP) policies and any relevant agreements. Here are a few key considerations:

  • University-Funded: If your invention is developed as part of your final year research projects, university-funded research project or through a grant, the university may hold ownership of the IP. In such cases, students and staff may still be entitled to recognition or a share of any potential royalties should it get successfully commercialized, as outlined in the UBD IP policy.

  • Independent Work: If the invention stems from work you’ve done independently, outside of university-funded initiatives, or without using a substantial amount of the university's resources, you may retain the full ownership. However, it’s important to check for any agreements tied to your research projects that might affect IP rights.

  • Sponsored-Research Projects: When working with peers, faculty, or external collaborators, it’s essential to agree on IP ownership and responsibilities from the beginning. Having a written agreement helps clarify your rights and how any outcomes will be handled, especially if commercialisation is to be considered in the pipeline.

You are encouraged to speak with a faculty member or your supervisor on protecting your invention and to explore available support through your university, such as IP protection.

Alternatively, you may reach out to the Innovation Office for further guidance, consultation and detailed information on how to protect your IP rights.

Please read the UBD IP Policy for full text on your IP rights.

How will my research be commercialised?

We shall work with you to decide on the best commercialisation path.

The two common paths are usually:

  • Licensing: We "rent" the IP to an existing company that has the resources to develop and sell it. You (and the university) would receive a share of the revenue (royalties).

  • Startup Creation: We help you build a new company (a "spin-off") around your IP. Our team shall provide support, mentorship, and connections to help get the company off the ground.

Please read the UBD IP Policy for full text on your commercialisation rights as "inventor".

What kind of support can I expect if I want to create a startup?

Our goal is to equip you for success. Our team can provide:

  • Mentorship: Connecting you with experienced entrepreneurs and industry experts.
  • Business Planning: Helping you develop a robust business model and financial projections.
  • Funding Support: Assisting with applications for grants and connecting you with potential investors.
  • Capacity Building: Training & Workshops on pitching, marketing, finance, and other essential business skills.
  • Networking: Invitations to events to connect with the wider innovation community.

We highly recommend you to join our UBD Startup Centre to reap all these benefits once you have formally incorporated your business. Join HERE!