FRLP Module 4: Intellectual Property and Commercialisation
Introduction
Universities can deliver tremendous economic and social value by commercialising the research knowledge developed by their researchers. Whether the knowledge is a research outcome or skills and expertise, it can be generated by researchers across all disciplines.Knowledge transfer can include a broad range of activities from research to teaching to undertaking community services. However, knowledge transfer may also involve the transfer of knowledge to the marketplace, which is referred to as commercialisation. This process involves the protection and packaging of the intellectual property (IP) inherent in the research knowledge into a 'product'. ('Product' is used loosely in this context to refer to a range of potential commercialisation outcomes, ranging from actual physical products such as a publication or a pharmaceutical therapeutic to a technology or consulting activities.)
The potential economic value of the intellectual property involved in commercialisation requires the IP to be protected. Depending on the type of IP, there are various ways to protect it from copyright to patenting. Protecting the IP allows it to be treated as any other asset meaning that it may be sold or licensed or traded.
This module has been developed to give researchers from all disciplines a comprehensive introduction to commercialisation – from identifying IP, to its protection, packaging and commercial development. Commercialisation can be a long and complex process. However, at the completion of this module you should have developed an understanding of the process, which will enable you to participate with your university's research commercialisation office or company to commercialise your research. Your university will work with you to identify research with commercial potential, protect the IP, and package it for commercialisation.
An informed, passionate and committed researcher is essential to the successful outcome of any commercial venture. While the process will not be straightforward, the rewards for individual investigators can include direct financial gain, ongoing funding for their research program and, not least, the satisfaction of seeing their innovation applied beyond the research context.
This module comprises independent-study online learning material that needs to be completed prior to an end-of-module workshop. The total time commitment (including the workshop) is in the order of 8 to 12 hours.
Aims
This module was designed to provide university researchers with an introduction to commercialisation. An emphasis has been placed on ensuring the researcher gains a broad understanding and appreciation of the processes involved in identifying, protecting and packaging innovations for the marketplace. Such an understanding should provide a critical base for researchers wishing to participate in and appreciate the complex commercialisation process.Learning outcomes
After completing this module you should be able to:- Define and differentiate the types of intellectual property
- Describe the nature of intellectual property management
- Outline the way to structure a research project to generate IP with commercial potential
- Summarise the ways to protect intellectual property on a daily basis
- Appreciate the issues relating to intellectual property ownership for employees and students
- Comprehend the broad commercialisation process
- Cite the pathways of commercialisation
- Identify sources of funding for commercialisaton
- Recognise specific roles researchers can play in the commercialisation process
- Identify the points at which a financial return can be realised
- Understand the profit sharing policy of your research institution
Content overview
The module comprises the following topics:1. Intellectual property (IP) in a university context
What is IP and how is it protected? In a research context, we look at identifying research with IP and evaluating its commercial potential. We conclude with the issues of IP ownership, the costs associated with IP protection and ways in which IP should be protected on a daily basis. Topic 1 is divided into the following subtopics:
1.1 Types of intellectual property
1.2 Protecting IP internationally
1.3 Identifying IP with commercial potential
1.4 Key issues in IP management
2. Commercialisation
The commercialisation process is reviewed in its entirety with a detailed look at key options, funding, exiting the process and the involvement of the researcher. Topic 2 is divided into the following subtopics:
2.1 The commercialisation process – an overview
2.2 Stages and pathways
2.3 Funding
2.4 Role of the researcher
2.5 Realising a return
<< Back to FLRP homepage