The IIT Technology Transfer (TT) FAQ section attempts to answer some of the most frequently asked questions relating to the main activities carried out by the internal divisions of which the TT Directorate is composed of. Press the buttons to get information about the desired area of interest.
A license is permission to use a certain Intellectual Property (e.g. patents, software, know how). The license is granted by a party (the licensor) to another party (the licensee) usually under a written license agreement and subject to economic compensation. One of the goals of the Technology Transfer is to license IIT’s technologies to companies in order to transform research results into real innovation.
According to IIT’s IP policy, one third of the revenues deriving from a license goes to the group of the inventors, deducted the expenses for the protection of the technology (e.g. patent costs).
The licensing process can require long and elaborate interactions with the partner company. It is conducted by the Technology Transfer, however scientists have an important role in supporting the process by participating to the technical meetings with the potential licensors. Moreover, scientists are usually involved in the definition of the licensing strategy
Activities sponsored by -and conducted in collaboration with- companies or other research entities on projects of common interest; they can be applied research activities, services, consulting opportunities or dissemination programs.
Generally speaking, IIT maintains the ownership of the intellectual property on the results of the projects and grants to the company a license (exclusive or non-exclusive), capable to put the company in a solid position for downstream commercialization phase.
In case of a feasibility study the collaboration lasts for, typically, 3/6 months whereas a contract research the typical length is 9/36 months.
Only incremental costs (direct costs and overheads) of the project are paid by the company since IIT is a no-profit foundation and therefore does not calculate any markup on the project.
A patent grants to the inventor the monopoly for the exploitation of the invention.
The TT and the inventors together investigate if the proposed invention can be patented and verify the fulfillment of patentability requirements after a deep analysis of the relevant prior art. The process to patent the invention will take about four months.