SRM TTO Process
Framework!
The SRM Technology Transfer Office (TTO) shall facilitate the transfer of knowledge, innovations, and technologies from research institutions to industry and society. This document outlines a detailed process for the effective management of technology transfer activities, ensuring compliance with legal, ethical, and organizational policies.
Key objectives
Core Functions of the TTO
Detailed Process
1: Disclosure of Invention
1. Invention Detail Form Submission:
- Researchers shall submit the patent whose product development stage is above TRL 3 to the TTO, detailing the innovation, inventors, and funding sources.
- TTO will ask the inventor to fill a tech brief & an invention detail collection form that should include potential applications, inventiveness, benefits, existing publications, and prior art searches.
2. Important: Inventors must not engage with the industry independently without the knowledge or presence of TTO officials.
3. Acknowledgment of Receipt:
- The TTO shall acknowledge receipt of the tech brief & the Invention Detail form and assign a unique identification number for tracking.
2: Preliminary Assessment
1. Initial Review:
- TTO shall assess the completeness of the Tech Brief and IDC form and schedule an inventor meeting for clarification if needed.
2. Technology & IP Evaluation:
- TTO will conduct prior art searches and market analysis to evaluate the novelty, utility, and commercial potential.
- Assess potential regulatory requirements.
3: Marketing and Commercialization
1. Development of Marketing Materials:
- The TTO will help create non-confidential summaries and promotional materials to showcase the technology's value.
2. Outreach to Potential Licensees:
- TTO will Identify and engage with industry partners, investors, and collaborators.
3. Negotiation of Agreements:
- The TTO will negotiate licensing terms, royalties, and other agreements (e.g., non-disclosure agreements, material transfer agreements) on behalf of the Inventor.
4. License Execution and Monitoring:
- The TTO will execute agreements, track compliance, payments, and performance metrics from both the inventors as well as the Licensee
4: Startup Support (If Applicable)
In case the Inventor chooses to develop the product independently through his/her own startup, the TTO and the Directorate of Entrepreneurship in Innovation will support the inventor in part or whole of the following.
1. Business Plan Development:
- Assist inventors in developing a robust business plan for spin-off companies.
2. Mentorship and Funding:
- Provide access to mentors, incubators, and funding opportunities (e.g., grants, venture capital).
3. Equity Management:
- Define institutional equity shares and manage conflicts of Interest.
5: Post-Commercialization Monitoring
1. Compliance Tracking:
- Monitor agreements for compliance with terms, including milestone achievements and revenue sharing.
2. Impact Assessment:
- Conduct periodic evaluations of societal, financial, and industrial impacts.
3. Dispute Resolution:
- Address conflicts or disputes arising during the commercialization lifecycle.
6: Stakeholder Communication
1. Regular Updates:
- Provide Inventors, administrators, and other stakeholders with updates on technology transfer activities.
7. Legal and Ethical Considerations
1. Compliance with Regulations:
- Ensure adherence to national and international IP laws, export controls, and funding agency requirements.
2. Conflict of Interest Management:
- Identify and manage potential conflicts involving inventors, licensees, and institutional interests.
8. Performance Metrics
- Licensing revenue generated.
- Number of industry partnerships established.
- Number of start-ups supported.
9. Continuous Improvement
- Licensing revenue generated.
- Number of industry partnerships established.
- Number of start-ups supported.
10. Document Control
- Licensing revenue generated.
- Number of industry partnerships established.
- Number of start-ups supported.
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