Page 20 - Innovator Handbook
P. 20
20
Intellectual Property Assessment
How does OTD assess intellectual property disclosures?
OTD, along with outside marketing consultants, examines every disclosure to determine:
• The novelty of the innovation
• Competing innovations
• Protectability and marketability of potential products or services
• Relationship to related intellectual property
• Size and growth potential of the relevant market
• Amount of time and money required for further development
This assessment may also include consideration of whether the innovation can serve as the basis for a new startup company.
Is an innovation ever assigned to the researchers who created it?
If OTD decides not to pursue legal protection and commercialization of an innovation, FAU may assign (transfer ownership) to the researchers. Assignment of innovations funded by U.S. government sources
may require the relevant government agency’s prior approval. Upon assignment, the researchers are responsible for payment of all legal fees and other development expenses.
