{"id":1977,"date":"2023-10-30T01:39:45","date_gmt":"2023-10-30T01:39:45","guid":{"rendered":"https:\/\/otagoinnovation.cre8ive.co.nz\/wordpress\/?page_id=1977"},"modified":"2024-04-22T11:25:15","modified_gmt":"2024-04-22T11:25:15","slug":"faqs","status":"publish","type":"page","link":"https:\/\/otagoinnovation.com\/wordpress\/faqs\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"
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Frequently Asked Questions<\/h1>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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How do I know if my research may be of commercial value?<\/h3>

Determining the commercial potential of your research involves assessing its applicability in the marketplace. If your research addresses a real-world problem, offers a unique solution, or introduces innovative technology, it likely possesses commercial value. Consider factors such as the scalability of your findings, the potential customer base, protectable intellectual property and the feasibility of translating your research into a tangible product, service, or technology. Engaging with industry experts, conducting market research, and seeking input from potential end-users can provide valuable insights into the market demand for your research. Furthermore, exploring partnerships with industry players, filing patents, and developing a clear business strategy can help solidify the commercial viability of your research and pave the way for successful university commercialisation efforts. Otago Innovation can help you with all of this.<\/p><\/div><\/div>

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When should I consider IP protection?<\/h3>

In the realm of university commercialisation, considering intellectual property (IP) protection is crucial when your research holds the potential for commercialisation and market adoption. It’s advisable to assess the uniqueness and novelty of your findings early in the research process. If your work involves innovative technologies, processes, or products, filing for patents or other forms of IP protection becomes pertinent. By doing so, you safeguard your research from unauthorised copying, allowing us to control its usage and potentially attract investment from industry partners. Engaging with Otago Innovation, can help you determine the appropriate timing and strategy for seeking IP protection, ensuring that your valuable intellectual property remains secure as you navigate the path towards successful university commercialisation.<\/p><\/div><\/div>

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Is it true that I have to choose between IP protection and publication?<\/h3>

While there is a traditional notion that IP protection and publication are mutually exclusive, the landscape has evolved in the context of university commercialisation. Universities often encourage a balanced approach that allows for both protection of intellectual property and dissemination of research findings. It’s essential to collaborate closely with Otago Innovation to navigate this balance effectively. In some cases, you may opt for a temporary delay in publishing to secure IP protection, using methods like provisional patent applications. This approach provides a window to establish protection while working towards eventual publication. Ultimately, the decision will depend on the nature of your research, its commercial potential, and the strategies aligned with your goals for knowledge dissemination and commercialisation success.<\/p><\/div><\/div>

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When should I engage with Otago Innovation about my research?<\/h3>

Engaging with Otago Innovation in the early stages of your research process is highly recommended for effective university commercialisation. Otago Innovation can provide valuable guidance on identifying the commercial potential of your research, helping you assess its novelty and market applicability. Collaborating with us from the outset allows you to strategically plan for intellectual property protection, explore potential industry partnerships, and tailor your research trajectory to align with commercialisation goals. Our expertise can also assist in connecting your work with funding opportunities and navigating the complex landscape of technology transfer. By involving Otago Innovation early, you ensure that your research is positioned optimally for successful commercialisation, maximizing its impact and potential benefits to society and the marketplace.<\/p><\/div><\/div>

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How do I engage with Otago Innovation?<\/h3>

Engaging with Otago Innovation in the context of university commercialisation involves a structured process to effectively leverage their expertise. To initiate this collaboration, you can begin by reaching out to Otago Innovation through our designated channels, please see our contacts page and reach out to one of the team. This initial contact will likely involve sharing information about your research and its potential for commercialisation. Otago Innovation’s team will then guide you through the steps, which may include evaluating the novelty and market viability of your research, discussing potential intellectual property protection strategies, and identifying possible industry partners. We can also assist in crafting a comprehensive commercialization plan, and IP plan for any funding opportunities you may be pursuing and providing mentorship throughout the process. Regular communication and collaboration with Otago Innovation’s professionals will enable you to tap into our resources and experience, ensuring that your research journey aligns with successful university commercialisation efforts.<\/p><\/div><\/div>

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What is Otago Innovation\u2019s assessment process?<\/h3>

Otago Innovation’s assessment process in the context of university commercialisation involves a comprehensive and strategic evaluation of research and innovation projects. It typically begins with an initial review of the project’s concept, novelty, and potential market applicability after you have completed and submitted an Intellectual Property Description Form. If the project shows promise, Otago Innovation works closely with researchers, students, and faculty to delve deeper into the technology’s commercial viability. This assessment encompasses factors like intellectual property considerations, market research, competitive analysis, and potential industry partnerships. Throughout the process, we collaborate with inventors to refine the commercialization strategy and determine the most suitable path forward, whether it involves licensing, startup formation, or other avenues. Otago Innovation’s assessment process combines rigorous analysis with hands-on support, ensuring that university research is strategically aligned for successful commercialisation, benefiting both academia and the broader society.<\/p>\n

Commercialisation Advice<\/a><\/p><\/div><\/div>

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What does the University\u2019s IP Policy say about my work?<\/h3>

The University\u2019s IP Policy outlines the guidelines and principles governing intellectual property generated within the institution, including your work. It typically defines how ownership of intellectual\u00a0property is determined, considering factors like the role of the creator (faculty, student, staff), the funding source, and the nature of the work. The policy addresses matters related to disclosure, protection, and commercialisation of intellectual property, including research findings, inventions, and innovations. It may also discuss revenue sharing, rights, and responsibilities of the creators and the University in cases of commercialisation. Understanding the IP Policy in the context of university commercialisation is crucial, as it clarifies your rights and obligations regarding your work\u2019s intellectual property and provides a framework for collaboration with entities like Otago Innovation, ensuring alignment with the institution\u2019s goals and principles.<\/p>\n

Intellectual Property Policy<\/a><\/p><\/div><\/div>

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How does Otago Innovation treat indigenous knowledge and intellectual property?<\/h3>

Otago Innovation recognises the significance of indigenous knowledge and intellectual property (IP) in the context of university commercialisation, and we are committed to handling these matters with sensitivity and respect. We understand the cultural and ethical considerations associated with indigenous knowledge and work to engage with indigenous communities in a collaborative and inclusive manner. Otago Innovation’s approach involves working closely with indigenous stakeholders to ensure that the protection and utilisation of indigenous knowledge are aligned with community values and aspirations. We adhere to established protocols and guidelines that respect indigenous rights and perspectives, striving for equitable benefit-sharing arrangements and fostering long-term relationships built on trust. Through transparent communication, culturally appropriate engagement processes, and tailored agreements, Otago Innovation seeks to honour and protect indigenous knowledge while also exploring opportunities for responsible commercialisation that benefit both the community and the broader society.<\/p><\/div><\/div>

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I\u2019m an Otago student, can Otago Innovation help me?<\/h3>

Absolutely, as an Otago student, you can benefit from the expertise and resources offered by Otago Innovation in the realm of university commercialisation. Otago Innovation is there to support you in translating your academic work and innovative ideas into real-world applications. Whether you have a novel research finding, a creative project, or an entrepreneurial concept, they can provide guidance on assessing its commercial potential, protecting intellectual property, and developing a strategic plan for market entry. Otago Innovation can also help you connect with industry partners, explore funding opportunities, and navigate the complexities of technology transfer. Engaging with Otago Innovation empowers you to bridge the gap between academia and the marketplace, making a meaningful impact with your ideas and contributing to the broader innovation ecosystem.<\/p><\/div><\/div>

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Does Otago Innovation work with members of the public?<\/h3>

No, Otago Innovation does not usually work with members of the public in the context of university commercialisation. Our primary focus is working with researchers, students, and faculty members within the university. If you have a commercially viable idea, innovation, or research concept that aligns with Otago’s expertise, we can connect you with the Research & Enterprise Office who may be able to assist you.<\/p><\/div><\/div>

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What does investor ready mean?<\/h3>

“Investor ready” refers to the state of a project, startup, or venture when it has undergone thorough preparation and optimisation to attract potential investors. In the context of university commercialisation, being investor ready implies that your research, technology, or business concept has been developed, validated, and structured in a way that appeals to investors. This involves demonstrating a clear and compelling value proposition, outlining a viable business model, showcasing a well-defined target market, and presenting a roadmap for growth and profitability. Additionally, having a solid intellectual property strategy, a well-organised team, and a realistic financial plan contribute to being investor ready. Essentially, being investor ready signifies that your project is well-positioned to secure funding and support, driving its development and eventual success in the marketplace.<\/p><\/div><\/div>

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