What is the Evaluation, Patenting and Licensing Process?
Our new three-level evaluation process is designed to be a surrogate for industry, leverage both internal and external expertise early in the development process, in order to objectively and transparently review technologies, make informed and timely decisions, and provide multiple opportunities for communicating with inventors during the process. The first level involves the inventors and OTD staff. Composed of scientists, technology sector experts, clinicians, IP experts, business leaders and investment professionals, our Technology Review Committee involved in the second level, is a brain trust of experts who provide valuable feedback to our inventors, the OTD and the College. The third level solicits input from MCW senior leadership as warranted. The outcome at each level, based upon answering the questions in the following diagrams could be:
Go – move forward with protecting an developing the IP
Hold – more R & D is needed to provide enabling Proof of Concept data, or
Revert – offer the IP rights back to the inventors
We will seek to address the following questions during the three levels of evaluation: