Advice to Academics Interested in Commercialising their Inventions
Commercialisation offices (like Otago Innovation) provide invaluable commercial advice to academics interested in commercialising their inventions.
Otago Innovation serves as a bridge between University of Otago academia and industry, offering guidance and expertise in navigating the complex landscape of entrepreneurship and commercialisation.
What is Commercialisation?
Commercialisation of technology in the university environment represents a symbiotic relationship between academia and the business world. This process involves the transformation of innovative research and intellectual property developed within university research departments into marketable products and services.
To achieve this, Universities establish technology transfer offices, like Otago Innovation, and collaborate with industry partners to license or spin off technologies, which can lead to the creation of startups or the integration of cutting-edge research into existing companies.
Maybe your idea could contribute to developing technologies that make a positive impact on our society and economy.
How Otago Innovation Can Assist
When academics express an interest in taking their inventions to market, Otago Innovation can provide essential advice on:
- patent protection
- market analysis
- funding and investment opportunities
- business development strategies
We help academics understand the commercial potential of their inventions, identify potential licensing or startup opportunities, and navigate the process of forming partnerships with industry players. We also offer guidance on developing a robust business plan for further funding, assessing market demand, and creating a competitive advantage.
By leveraging commercial advice from Otago Innovation, academics can enhance their understanding of the commercialisation process and increase their chances of successfully progressing their inventions toward market.
Regardless if your idea is just a ‘seed’ or a fully-fledged plan – get in contact with us now
to ensure you have the right advice on how to protect, fund and grow your concept.