Page 10 - Innovator Handbook
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Technology Transfer Process
How is technology transferred?
Technology is typically transferred through an agreement in which FAU grants to a third party a license to use FAU’s intellectual property rights in a defined innovation, sometimes for a particular field of use and/or region of the world. The licensee (the third party licensing the innovation) may be an established company or a new business startup. Licenses typically include terms that require the licensee to meet certain performance requirements and to make payments to FAU. These payments are shared with the researchers and also distributed to colleges and departments to provide support for further research, education and participation in the technology transfer process.
What are the typical steps in the technology transfer process?
The following are the steps in FAU’s technology transfer process. These steps can vary in sequence and often occur simultaneously:
