Normal Technology Transfer Process

Once the invention disclosure has been made to the Technology Development Center, the technology will be evaluated to determine an estimate of market value and appropriate intellectual property protection procedures. The evaluation of value is done using Inventor(s) knowledge of market conditions, online resources, as well as outside consulting resources.

TDC staff, with significant input from Inventor(s), will identify suitable companies which have the potential (expertise, resources and business networks) to take the technology to the market for the benefit of the public.

The technology is then marketed to these companies using electronic means as well as telephone contact. This process will most likely involve executing confidentiality agreements and teleconferences or meetings with the Inventor(s). The goal of this process is to allow the company to understand our technology well enough to determine if it can be useful in the company’s market strategy.

Once a potential licensee is identified, negotiation of a license or option agreement is initiated by the TDC office that will transfer certain rights in the University’s Intellectual Property to the company. The Licensee will be expected to make every effort to develop and market products and services based on our technology.

TDC then monitors the Licensee’s performance, in terms of product/service development and financial goals, as per the license agreement and the milestones contained therein. Every license agreement requires periodic reports to OSU concerning the status of the development of the technology.

This entire flow of activities will involve the Inventor(s) in order to insure understanding of the technology and its potential. The royalties received from the Licensee are distributed to the inventors, the College and the University as per the Policy.