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- W3122876937 abstract "If an academic entrepreneur wants to commercialize their invention, they must first clarify who owns the invention, and then decide on the best commercialization possibility. This short chapter describes the various scenarios that might occur in a university setting. In most cases, a university will own the invention created by its researchers and faculty because of their employment. A university may then either license out the entrepreneur’s invention to a third-party company to further develop and commercialize, or may license the invention back to the entrepreneur so that they may commercialize it themselves through a start-up. Such license agreements will assign responsibility for paying for patent coverage to protect the invention, set a fee or royalty schedule, and clarify ownership of further improvements or developments. Should the entrepreneur decide to commercialize the invention themselves, besides licens¬ing the invention from the university, they should also be mindful of disclosure issues, contract clearly with founders and other interested parties to clarify issues of equity and intellectual property ownership, and consider whether they need to establish freedom to operate." @default.
- W3122876937 created "2021-02-01" @default.
- W3122876937 creator A5071430715 @default.
- W3122876937 date "2019-01-01" @default.
- W3122876937 modified "2023-09-26" @default.
- W3122876937 title "Intellectual Property: Commercializing in a University Setting" @default.
- W3122876937 hasPublicationYear "2019" @default.
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