Cutting-edge research can often result in new technologies with commercial potential, but the transition from laboratory to head office can be daunting. And while the technology may be revolutionary in its potential, the need for proper protection and effective execution are both imperative. Indeed, developing the product is sometimes seen as the easiest part of the task. Fortunately, there are numerous resources available to guide you.
One of the first tasks is to protect your invention by declaring it as such. The process of how to make such a declaration – and how to apply for the patents that will provide legal protection – is covered in the Guide for Faculty Inventors, as prepared by the Office of Innovation and Partnerships. It is also possible to seek funding to further develop your technology. This can be done in one of several ways: