Lecture 11_Research translation

Question 1

What is assessed when evaluating translation potential?

Answer 1

Impact Potential

Market need and opportunity

IP status

Technology maturity and proof-of-concept

Ownership and rights

Evaluate as per research translation pathway map

Question 2

What is the difference between blue-sky and applied research?

Answer 2

Blue-sky research: Curiosity-driven, no immediate commercial goal (e.g., most university research).

Applied research: Goal-directed, practical problem-solving (typical in industry)

Question 3

What is technology transfer?

Answer 3

The movement of knowledge, inventions, or IP from universities to companies or social ventures for commercialisation or public benefit

Question 4

What are Technology Transfer Offices (TTOs)?

Answer 4

University offices (e.g. K&TT, RIC) that support translation

Question 5

What are the stages of the technology commercialisation cycle?

Answer 5

1. Discovery/IP creation
2. Contact with RIC/K&TT
3. Submission of IP Disclosure Form
4. Assessment of translation potential
5. Patent protection (if applicable)
6. Licensing or company formation
7. Product development by licensee
8. Revenue distribution to creators/university

Question 6

What is an assignment agreement?

Answer 6

A contract where the ownership of IP is PERMANENTLY transferred from the licensor to the licensee

Question 7

What’s the difference between a university spin-out and a staff start-up?

Answer 7

Spin-out: Owned/controlled by the university

Start-up: Run/controlled by inventors with part ownership by the university; often pre-revenue

Question 8

How are profits from university IP distributed?

Answer 8

40% to the creators

40% to the creator’s faculty

20% to the university central administration