Educational Research Business Plan Leave a comment

University Patents aims to transfer technology from research universities into pre-existing companies through the licensing of patents.

Most universities have an office for technology transfer. This is responsible in bringing patents and research from the university to market. Although some universities are highly skilled in this area (MIT, U of Wisconsin, Stanford), many lack the necessary network and work force to place most patents. Universities traditionally focus on the patents that will bring in substantial amounts of money, yet only 0.6% of licenses generate in excess of $1,000,000 in annual royalties. University Patents is able to assist universities in placing technology. The company’s singular focus can also help increase the revenue of the university through increased licenses. University Patents will earn income from each successful placement.

Many patents that result from university research are not sufficient to sustain a business. They are most valuable to existing companies already in a market that can use new technology to increase a product line or slightly diversify their business into a market in which they have an expertise. Due to their small size, Venture Capital firms and universities are reluctant or unable to place these patents. University Patents can focus on smaller patents, and the business will be dependent on bringing multiple of these patents to market each year.

University Patents’ business will be founded on working with several universities to place their technology patents with corporations. University Patents will conduct market research, create a value model, and identify potential licensees. University Patents will bring them to negotiation. They will also receive a commission, based on the license agreement and future royalties.

1.1 Objectives

First year objectives

1. Establish solid relationships with four university programmes in your first year.
2. Four patents can be commercialized in the first year.
3. Within the first six-months, establish a contact process for contacting public and private companies.