UTS is committed to transferring as much IP into commercial use as we can to the benefit of our partners, the community and the economy.
By allowing our partners to evaluate it and put it to use quickly, we increase the amount of knowledge we are disseminating, helping us achieve our vision to become a world-leading university of technology. Many UTS inventions are now available for free to partners who have the willingness and capability to take them to market.
Easy Access IP at UTS
UTS subscribes to the Easy Access IP model of licensing some of our IP. For intellectual property with significant commercial value and a clear route to market, the University will continue to seek potential licensees or create a start-up company. For all other intellectual property, the University will utilise the Easy Access IP approach.
Some university IP can be difficult to commercialise through traditional routes, either because it is at too early a stage in its development or because it presents too many uncertainties for companies to risk an investment. In these circumstances, such IP can be made available free of charge through our Easy Access IP Portfolio, using quick and simple one-page agreements, which allows companies to evaluate it and put it use quickly, with reduced risk. This is Easy Access IP.
In return for an Easy Access IP license:
- Companies need to clearly demonstrate how they will create value for society and the economy through the use of the IP
- Companies must acknowledge UTS as the originator of the intellectual property
- Companies must report on the progress
- Companies agree that if they have not exploited the IP within three years, it will be transferred back to UTS
- There will be no limitations on UTS’s use of the IP for the university’s own research.
In most cases, companies will need know-how, support or services in order to take on the development of the IP. The originating researcher is the obvious source of this support and we will actively promote these services through contract research opportunities and partnership opportunities to the IP-user, generating additional research engagement opportunities for the University.