The Office of Technology Transfer is focused on transferring technology and providing benefit to the public. University technologies are licensed both to established companies and start-ups. The start-up development effort requires significantly more work than licensing to established companies, but has been an extremely active and rewarding portion of OTT. When a technology presents itself as a start-up opportunity, OTT is eager to promote and foster the start-up. The office provides guidance and assistance to the start-ups and is often willing to take a small equity stake in start-up companies in lieu of up-front fees and for the deferral of patent reimbursements. This enables the start-up to preserve capital, a critical aspect of early success.
We can accommodate a range of licensing alternatives, including exclusive, nonexclusive, and Field of Use and other limited licenses. We prefer to start licensing discussion with a Term Sheet rather than a license template.
At UI, the Material Transfer Agreement and Confidentiality Agreements (Nondisclosure agreement) are reviewed, negotiated and signed by the OTT. An individual investigator has no right to sign them on the behalf of the university.