All commercial prospects disclosed to IP Commercialisation are managed through a diligent, stepwise process. From initial disclosure, we assess:
- the commercial opportunity being presented.
- the potential for IP protection.
- funding required to bring the innovation to market.
- the best business case to take the opportunity forward.
- Contact is made between IP Office and researcher.
- Researcher completes initial opportunity disclosure form. This is to identify:
- Unmet need addressed by innovation.
- Key distinguishing features from current solution to problem addressed.
- Stage of development.
- Details of any previous disclosure and existing commercial arrangements.
- Project is allocated to an analyst to assess the opportunity. The assessment includes:
- Prior art search.
- Desktop market research.
- Feedback from industry expert in consultation with researcher.
- Decision is made to either:
- Not proceed at this stage: Notification is sent to researcher and head of school, including summary of opportunity assessment. Opportunity may be considered after further development.
- Commercialise: Notification sent to researcher and head of school. Standard documents completed.
- If the decision has been made to commercialise, the commercialisation plan is developed and implemented.
- Opportunity for Kickstart funding through submission to Commercialisation Advisory Board.