Technology transfer and patents in academia

Technology transfer in academic property refers to the exchange of knowledge either internal – between students and teachers, or between teachers in the form of publications, presentations in seminars and conferences – or as an expert opinion given to industrial associates. In general, such initiatives help to originate and develop the initial phases of intellectual property (IP) and provide a platform for researchers developing products for the public. The cooperation between researchers and industry can advance knowledge to develop a technology, while IP in the form of patents ensure that rights are protected in the interests of both parties.

Researchers usually believe that publication of their research should reach the public transparently. However, eventually, these technologies need to be developed, which can effectively be achieved through industrial collaborations. The motive of academia is to innovate, share knowledge and to educate researchers for industry and generally focus on open communication with the public. On the other hand, industry looks to satisfy the demands of the public, to generate revenue and to create jobs. Further, the benefits of such collaborations include not only the management of innovation and investment but also makes the most efficient use of resources.

Consider the example of a drug, a compound identified by academic research needs identification at various stages including market research, pre-clinical and clinical trials, which require industry association. Such collaboration depends on the willingness of academia and industry to come closer to use the innovation in a useful way.

Pankaj Musyuni is a managing associate at LexOrbis

LexOrbis

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