Evaluation is a critical component of the URVentures process. All technologies disclosed to our office are evaluated by a licensing manager with experience in the field and an IP attorney. While the evaluation is comprehensive, the defining focus is on commercial viability; it is important to note that these evaluations are not a judgement on the scientific merit of the technology.
The preliminary evaluation occurs following an invention disclosure. The licensing manager and inventor(s), often with an assigned IP attorney, work together to review the disclosure, and analyze the market and competitive landscape to determine commercial viability. Because our evaluation process emphasizes the potential for commercialization, we often seek external input from industry contacts, venture capital firms, and companies in the space.
Following the initial evaluation, the licensing manager and IP attorney will make a recommendation to the Intellectual Property Review Committee (IPRC). The IPRC manages the University’s collective patent portfolio, and meets regularly to review each technology that is at a decision point.
Occasionally, following an initial review of a submitted invention disclosure, it is determined that the University IP policy does not apply to the given invention. In those cases, an agreement for non-application of IP policy may be requested by the researcher. Learn more about the specifics in the University’s IP policy (sections 1.3, 1.8, and 2.1.1.) and view a sample agreement.