The commercialisation of technology is typically a long, expensive and potentially complex process. Most technical innovations often need long development times before reaching market.
The Office of Research Services (ORS), through Business Development & Technology Transfer (BD&TT), assists the research community shepherd early stage ideas through to proof-of-concept (POC) and/or pre-commercial product.
Bringing early-stage technologies to this point is a critical step to convince commercial partners and other stakeholders that the technical and market risks have been sufficiently reduced to further transform the technology into tangible products and services.
The technology transfer / commercialisation process is largely about guiding the teams behind a technology to refine and direct the innovation to meet the needs of a market in a cost-effective and competitive way. The staff within the UTAS BD&TT Unit can work with you to develop a commercialisation and IP strategy to facilitate your success.
Commercial sources of funding are usually only prepared to invest the significant funds needed if they can secure certain preferential rights to commercialise the technology. As a result, IP needs to be managed appropriately. UTAS BD&TT can work with you to develop an IP and commercial strategy, which if successful implemented can offer inventors significant long-term financial benefits.
If you would like to understand more about the potential of your IP or any of the topics listed below contact the BD&TT:
