What We Do
The Office of Research Commercialization (ORC) helps move research discoveries from the university laboratory to the marketplace. ORC works with researchers and business partners to help translate Texas Tech innovations into commercial applications and successfully bring them to market.
Our services include:
- Identifying commercially viable inventions
- Providing technology assessments
- Protecting intellectual property with patents and copyrights
- Leveraging marketing and industry connections to translate research
- Providing licensing and legal services
The commercialization process at a glance
Research and development work, whether funded by the federal government, foundations or industry, is the basis for discovering and developing novel technologies and software.
When you believe you have discovered a novel technology or developed a useful new computer software, please submit a description of the technology to the Office of Research Commercialization using the New Technology Disclosure form. For additional information about disclosure, please visit our Disclosure page.
- Submission to the Office of Research Commercialization should occur no less than one month prior to any public disclosure.
- Submission to the Office of Research Commercialization does NOT confer protection of the technology.
When your disclosure to the Office of Research Commercialization is complete, we will make an initial assessment to determine your protection needs and commercialization opportunities. We will work with you during this process.
Time: In most cases, up to 60 days to complete.
- Types of protection
- Market-related factors
Depending on the results of the review process, the Office of Research Commercialization will determine whether to:
- File for a patent, copyright or trademark
- Hold the work pending additional development
- Control distribution of the material or reagent in the absence of formal protection
- Close the file
Time: Depending on the type of protection, up to several years (and may cost tens of thousands of dollars)
We achieve greater success in marketing and promoting technologies within the university's intellectual property portfolio by working together. Many times our most successful leads come from the inventor's industry contacts who serve as internal champions within their own companies and organizations.
Time: 1 month to several years
In cases where multiple companies are interested in the technology, the Office of Research Commercialization will identify the most appropriate licensing partner(s). We consider a potential partner's overall ability to:
- Commercialize the technology
- Obtain or provide funding to support development of the technology
- Benefit the local economy
Other factors include prior and ongoing relationships with the potential partner(s), your willingness and ability to work with the potential partner(s), and the ability of the partner(s) to accept license terms required by Texas Tech University.
Though it is always the Office of Research Commercialization 's preference to work with established companies, there are cases where creation of a new business start-up may be the best or only option for near-term commercialization activities. In such cases, the Office of Research Commercialization may assist in planning and creating the start-up.
Commercialization is the process of introducing a new product or production method into commerce—making it available on the market. The term includes a move from the laboratory into (even limited) commerce. The product launch of a new product is the final stage of new product development - at this point advertising, sales promotion, and other marketing efforts encourage commercial adoption of the product or method.
Revenues generated from the licensing and commercialization of Texas Tech University technologies are paid back to the inventor(s) and university according to the Royalty Distribution Policy. This income further fuels research and development programs at Texas Tech University and may lead to future technologies and software.
ORC begins the commercialization process when you disclose an invention. Once an invention is disclosed, the ORC meets with the inventor and completes a search for similar technologies, patents or licenses. ORC will then work with the inventor to do technology commercial assessment to determine patentability and marketability. If the assessment is positive, the ORC will initiate intellectual property protection for the technology and develop an appropriate commercialization strategy.
Depending on the type of technology and its stage of development, ORC will work with the inventor and local entrepreneurs to create a startup company, or may license the technology directly to an established company. Either scenario will result in a license agreement between the ORC and the new or established business partner. The license agreement will include terms and conditions for the use of the technology, commercial development milestones, and the amount of compensation to the university (and inventor) in fees, royalties and equity.
After a license agreement is in place, ORC monitors and supports the licensee to ensure compliance with contract terms and success in the marketplace.
Our vision is to provide a highly efficient and effective technology transfer organization for TTUS. The hallmarks of our office are centered in professionalism and ethical behavior. We believe this is imperative to earning the trust and respect of our innovators at every step in the commercialization process. In the same way, our business partners will be treated with integrity and honesty.
The mission of the Office of Research Commercialization is to partner with TTUS innovators to facilitate the commercial use of their inventions through the process of identifying high potential research, securing patent rights, and executing license agreements with capable business partners.
Office of Research Commercialization
AddressAdministration, 2625 Memorial Circle, Suite 367, MS 2007, Lubbock, TX 79409-2007