THE COMMERCIALISATION PROCESS
If the decision is made to
commercialise the IP you have
created, then obviously there is
quite a lot of work involved. This
will involve research of the markets
for the IP, discussions with potential
licensees or collaborators,
development of a business plan and
negotiating appropriate licences or
other agreements. There are
Researchers' Guides dealing with IP
Licensing and Spin-Out Companies
28
(available via the UMIP website –
www.umip.com) which will give you
more information. There is also
information relating to these on the
IP Awareness Resource
(www.manchester.ac.uk/ipresource),
including accounts from University
staff giving details of their own
experiences of both.
The diagram opposite shows how
the Commercialisation Process works.
