Pre-commercial opportunities are identified and/or reported at the Faculty level to the UniQuest Managers of Innovation and Commercial Development (MICDs). The opportunity is brought into the UniQuest Techcom process through an “Invention Disclosure” followed by technical and market due diligence. If the opportunity passes these initial investigations, it may then move to patent protection, packaging and structuring, and then be marketed as investment or licensing opportunities.
UniQuest uses a triage process for managing a flow of Invention Disclosures. Inevitably, not all disclosures will lead to commercialisation, similarly, not all will flow either linearly or at a constant pace through the process. However, the objective is to find, analyse, protect (if appropriate), package and successfully commercialise as much UTAS IP as possible.
The UniQuest Techcom process focuses on the efficient management of a pipeline of opportunities. There are a number of stage gates along the way at which points UniQuest interacts with UTAS management (DVC-R and Research Operations - Funding) and recommends actions which may include patent applications, transactions (licence and Start Up) and ultimately in some cases, royalty payments and exits.
UniQuest – Techcom Process