The Technology Transfer Office can help McGill’s inventors make this happen. Our team of Technology Transfer Managers (TTMs) advises researchers from across the McGill community on all aspects of the technology transfer process. In 2022, our team helped McGill accomplish the following milestones:
New licenses and options granted
But issuing patents and granting licenses are only one aspect of technology transfer. There are a number of important steps that are covered before these can happen. The basic steps in the process are:
Reporting an invention disclosure (ROI) is the first step in the process and can be done online via an easy-to-use interface.
This is handled by the technology transfer managers who conduct a thorough analysis of the invention disclosed to validate its commercial potential and it’s protectable intellectual property content.
If an invention has intellectual property that can be protected by patent, plant breeder’s right, industrial design, utility model, or other similar intellectual property right, then the formal protection mechanisms, such as patent applications, can be made. For more information on patenting, look at this page.
Intellectual Property can have tremendous market value. It can form the core of a new business entity, or it can be licensed to an established business who can then bring the technology to market in exchange for some financial and non-financial terms. Technology transfer managers negotiate these transactions.
The Technology Transfer team is there to support you in your technology commercialization journey. Have questions about the process? Want to know more before submitting your ROI? Don’t hesitate to reach out.