Excellent research can result in inventions which can benefit both you and society. Research results can lead to new products, new forms of research collaboration and sometimes to new businesses. The most important function of commercialisation is to ensure that new knowledge is exchanged, developed and put into production in order to ensure that research innovation benefits everyone in society and helps solve global challenges.
If you have produced an invention in connection with your research, you must report it to Technology Transfer Office (TTO), who will help you with the process.
When the process of commercialising an invention begins, contact is taken to relevant businesses or investors. Most often, this is done with a goal of licensing rights to the invention for commercial use.
Income to the university resulting from such agreements can benefit you financially, in the form of remuneration paid by the university to you. Read more about Aarhus University’s rules for calculating remuneration here.
But just as often, such dialogue results in new research partnerships with the company in question – so reporting an invention can also be an alternative method of acquiring research funding.
Another option chosen by some researchers is to start their own business. A spin out gives you the opportunity to develop your technology along with a team. In a spin out you will be a part of all Development phases regarding your invention.
But remember that any secondary employment must be approved by your department head.
If you are considering starting your own business based on an invention or other research results, we recommend that you do so in connection with the commercialisation process. Talk to the business development team about your options, and let us help you explore the possibilities.
We can help you:
Just remember that any secondary employment must be approved by your department head. And that your own commitment is crucial to your success!
Here is a step-by-step review of what happens when you report an invention:
We don’t want to waste your time And so we regularly evaluate all projects in relation to the input we receive from the market and the results which are achieved. If feedback from the market indicates that your invention is not commercially viable, it may make sense to end the commercialisation process and continue the work as a pure research project.
We recommend that you read the Inventor’s Guide to learn more.