TECHNOLOGY TRANSFER OFFICE
Research to Revenue. Profit from your innovation.
Partner with the UL-TTO to bring your innovation to market.
WHAT IS IP COMMERCIALISATION?
IP commercialisation is the process of transforming intellectual property assets (patents, trademarks, trade secrets, plant breeder’s rights, copyrights, etc.) into profitable products, services, or businesses. This process generates revenue and value from these assets.
THE BENEFITS
Generate Revenue
IP commercialisation can create new revenue streams through licensing deals, royalties, direct sales of products/services built on your IP, or revenue from spin-off companies.
Enhance Your Research Impact
Commercialising IP brings your research out of the lab and into the real world, where it can solve problems, improve lives, and create tangible benefits.
Foster Industry Partnerships
The commercialisation process often involves collaboration with businesses, investors, and other stakeholders, forging valuable connections.
OUR COMMERCIALISATION PROCESS
The process starts with an IP Analysis to identify and assess the intellectual property (IP) for commercialisation potential.
- A Techno-Economic Assessment is conducted to evaluate the technical viability, market potential, and economic feasibility of the IP.
- Based on the assessments, a Commercialisation Decision is made, which could involve licensing, spin-out company creation, or other options.
- IP Commercialisation Training is provided to equip researchers/innovators with the skills and knowledge to navigate the commercialisation process.
- The TTO offers support in various aspects of commercialisation, including licensing negotiation, spin-out support, and commercialisation funding guidance.
OUR SERVICES
We provide comprehensive support throughout the IP commercialisation process, helping you turn groundbreaking research into real-world impact.
Market and Technology Assessment
- In-depth market research to identify industry trends, competitors, and commercial potential.
- Technical feasibility analysis to evaluate development requirements and potential challenges.
- Technology Readiness Level (TRL) assessment to chart your path to market.
Commercialisation Decision Support
- Collaborative review of assessment findings to determine the best commercialisation route.
- Recommendations on strategies such as licensing, spin-outs, or other pathways tailored to your innovation.
IP Commercialisation Training
- Customised training programs covering IP management, market analysis, business development, and negotiation strategies.
- Options for workshops, seminars, or personalized mentorship.
Partnership and Licensing Facilitation
- Identification of potential licensees or strategic partners aligned with your technology.
- Development of licensing strategies and negotiation support to secure favourable terms.
Spin-out Guidance
- Assistance in creating compelling business plans and securing necessary funding.
- Access to incubation resources within the UL Digital Hub and our external partner networks.
- Mentorship from experienced entrepreneurs and industry experts.
Funding Opportunities
- Guidance on relevant commercialisation grants and funding programs.
- Support in preparing strong funding applications.
CONTACT US
IP Commercialisation Officer
Mr Jimmy Mohale
jimmy.mohale@ul.ac.za
IP Commercialisation Intern
Ms Tokiso Mamabolo
Tokiso.mamabolo@ul.ac.za