The Technology Transfer Process

Our mission is to help each inventor to realize the full commercial potential of their idea.  We accomplish this by working with each inventor to develop and then implement a commercialization strategy/plan that best fits with their specific goals and circumstances.

 

Submit a New Idea

 

Inventor submits idea to Technology Development through web portal
Key Contact: Michael Pratt, mpratt@bu.edu; 617-353-4569
 

 

Develop Strategy

 

 

Inventor meets with case manager to develop strategy for commercialization
Together the idea is assessed to identify key actions that improve chances of success
Key contacts are identified that can help with the assessment
Key Contact: Domain specific case manager from our business development group
 

 

Implement Strategy

 

 

Inventor completes Technology Disclosure Form
Technology Development initiates patent filings or research (per strategy)
Together the applications and markets for the idea are researched (per strategy)
Together the idea is marketed to specific targets or new venture creation is considered

Key Contact:  Domain specific case manager from our business development group

 

Formal Agreements

 


Together the licensee is selected and the terms of the agreement are formulated
Technology Development decides the proper form of agreement
Together diligence is performed to ensure compliance with university policies
Key Contact: Brian Gildea; gildeabd@bu.edu; 617-353-8996
Case manager from our business development group regarding licensee
Director from our intellectual property and licensing group regarding agreements
 

 

Agreement Maintenance

 

 

Technology Development monitors Licensee’s compliance with the agreement       including achievement of milestones, product development, payment of royalties etc.
Distribution of income (if any) from royalty payments
Patent maintenance (coordinating patent management with Licensee)
Key Contact: Susan Mulrean; smulrean@bu.edu; 617-353-6300

Some key steps in the process that have been extracted and explained in more detail at these links:

  1. When Should You Contact Us?
  2. Grants and the Patent Process
  3. Disclosure
  4. Evaluation
  5. Patent application
  6. Marketing
  7. Forming a relationship