NC State is committed to transferring scientific discoveries to the marketplace. Our researchers have been issued more than 850 U.S. patents and between 2011-2015 more than 500 commercialization agreements were signed.
The Office of Technology Commercialization and New Ventures (OTCNV) manages and nurtures the process of commercialization and intellectual property development with industry partners. During initial meetings, the OTT outlines each party’s objectives and needs. If a company is interested in proceeding, the next step may involve an option to determine use, exclusivity, term of agreement, and diligence milestones. Rights and fees are then negotiated, as is an agreement for royalty payments. An OTT diligenceofficer will then manage the agreement and reporting requirements.
To ensure that each party involved in a licensing partnership meets the mission of their respective organizations, NC State spells out its policies and procedures for inventors and their prospective partners.
NC State’s highly productive researchers have contributed to an impressive portfolio of technologies and the university is looking for partners interested in commercializing our innovations.
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For more information about the services offered by the Office of Technology Commercialization and New Ventures, call (919) 515-7199 or email@example.com.