Universiti Teknologi Malaysia Institutional Repository

A need for due diligence systems in commercialisation process of university patents

Ismail, Kamariah and Majid, Izaidin (2007) A need for due diligence systems in commercialisation process of university patents. In: Conference on Institute Small business and Entrepreneurship, 7-9 November 2007, Glasgow, Scotland.

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Official URL: http://www.isbe.org.uk/

Abstract

Objectives: The study was conducted to examine the criteria used by university Technology Transfer Offices (TTOs) in the choice of which technologies to patent, and subsequently the decisions on which route to commercialisation. Prior work: The role of universities has evolved over the centuries, from its traditional teaching and research roles to the ‘Entrepreneurial University’ which emphasises the links between university and industry through various knowledge transfer practices and other efforts to commercialise their research results. This shift was first adopted by US universities and now replicated by universities in Europe, Australia and Asia. One of the key features in the emergence of the ‘entrepreneurial university’ has been a sharp increase in patenting by universities. However, both the number and proportion of exploited patents is small compared to the total number of patents granted. Given the costs of patenting this represents a significant waste of resources. Approach: The study uses qualitative methods incorporating a case study. Seven directors of technology transfer offices in universities in Scotland and England were interviewed to understand the general process of patenting and commercialization of intellectual properties (IP). Then the patent portfolio of the University of Strathclyde was used as the case study. Two samples of patents from the portfolio, comprising patents that were commercially exploited, and those comprising unexploited patents, were examined in order to understand the different outcomes. Exploited patents were grouped into those that were licensed to established companies and those that were used to start new spin-off companies. Results: The findings indicate that most universities patent and commercialised their research based on motivations of the inventors, TTO or industries’ initiative. A new scoring system is put forward, to be utilised as a due diligence system, based on an existing system but was enhanced due to findings of this study. Implications: The study suggested TTOs need to apply a due diligence system as a strategic tools in selecting which invention should be given priority to patent then which route is best to commercialise. Value: By using this system, a better and more effective decisions on patenting and commercialisation of new technologies would be practiced by the TTO and the policy makers of the university.

Item Type:Conference or Workshop Item (Paper)
Additional Information:2007 Glasgow Conference: Full proceedings on CD-ROM - ISBN 978 1 900862 03 5 (all 250 papers/presentations) Conference Handbook - ISBN 978 1 900862 02 8 (approx 285 pages - 250 abstracts & authors' details). 30th - 2007 Heriot Watt University - Glasgow International Entrepreneurship – stimulating smarter successful small businesses world-wide – Keogh W, Mason C, Carter S, Whittam G & Galloway L
Uncontrolled Keywords:commercialisation process, university patents
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Management and Human Resource Development (Formerly known)
ID Code:9264
Deposited By:INVALID USER
Deposited On:28 Aug 2009 23:43
Last Modified:02 Jun 2010 01:59

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