The Office of Technology Development (OTD) works to commercialize intellectual property (IP) produced by FAU faculty and students, spur entrepreneurship based on FAU research, and provide a gateway for industry looking to utilize FAU resources.
Technology Transfer Process
OTD meets with researcher(s) to discuss the applicability of their research to industry and identify protectable intellectual property.
2. Disclosure Review
OTD reviews Invention Disclosure or Works Disclosure form submitted by researcher(s).
3. Legal Assessment
OTD determines appropriate method of legal protection for intellectual property and evaluates likelihood of success of securing such protection.
4. Market Assessment
OTD assesses market potential for intellectual property based generally on the need in the marketplace, competition, and potential costs and revenues to a commercializing entity.
Intellectual property is marketed to existing companies and/or start-ups using traditional marketing tactics.
OTD works with prospective licensee to realize benefits to researchers and FAU while providing a structure whereby the intellectual property can be commercially successful.
OTD tracks licensee performance milestones, royalty payments, and intellectual property maintenance.