Research Commercialization
Have an Idea
Have an If you wish to commercialize an idea and are not based in a research institute or higher education institute, visit the Start a Business section of our website. You have an idea for a technology that has the potential to become a commercially viable service or product. Have you checked that it is not already invented? Run a search through the United States Patents Office. iDesignproject supports/services available to assist you. If you are in a college, you may have a Technology Transfer Office (TTO), and they should be your first point of contact. They can help you to assess the potential commercial application of your research and work out the best route to the marketplace.
First Steps
In consultation with your Technology Transfer Office (TTO), you should explore if you are eligible for funding from SBIR/STTR to prove the commercial potential of your technology. At this stage, it would be essential to have a good idea of the market potential for your technology. You should consider the following:
- What problem does your concept address?
- What are the current approaches to solve the problem?
- Describe your proposed solution to the problem.
- Why is your concept better than the existing answers?
- What supporting evidence can you provide that your idea has a commercial application?
- Can your team successfully deliver this project?
Develop the Technology
The commercial potential of the project output.
The markets and customers where you think your technology will have the most substantial commercial potential.
The industry relationships you plan to forge or have already developed.
The status of the technology regarding intellectual property rights.
License Your Technology
Technology and associated intellectual property developed out of research can be transferred to a new or existing company through the granting of a license. This brings financial rewards for the college and the inventor and can lead to longer-term research relationships with industry.
iDesignproject supports/services are available to assist you The Technology Transfer Offices in the colleges can help locate appropriate companies and direct the negotiation of a license. iDesignproject Commercialization Specialists work closely with the Technology Transfer Offices to assist with this process using iDesignproject network of client companies. If you do not have access to your own Technology Transfer Office, please contact nakia@idesignproject.com directly for assistance. iDesignproject host events to showcase the commercial opportunities emerging from its programs and Higher Education Institutes such as
iDesign Innovation Project showcase which presents the spin-outs and market opportunities arising from Universities and Colleges. These events are attended by venture capitalists, angel, and private investors, entrepreneurs, innovators, international and Corporate Innovation Partners.
Spin-out a New Company
In some cases, it is feasible for researchers to progress to the point of establishing a spin-out company to exploit the intellectual property that has been created. Such researchers often become the Chief Technology Officer in the company, bringing in an experienced CEO to run the venture but many options can be examined as part of this process. iDesignproject supports/services available to assist you. Our Commercialization Specialists will work with you and your Technology Transfer Office to help build the company. Email us at nakia@idesignproject.com