One of our region’s most important assets is our fourteen colleges and universities. In an effort to strengthen Northeastern Pennsylvania’s economy, tecBridge is implementing a regional technology transfer strategy.
The premise is that each school by itself doesn’t create enough intellectual property to warrant a technology transfer office. However, collectively our members do research that should produce innovative ideas. As a result, tecBridge developed a memorandum of understanding with the Penn State University Intellectual Property Office to develop a system that assists a faculty member in the transition from “aahhh, I have an idea” to “great, now we can generate revenue and possibly create a company”.
Penn State University’s Intellectual Property office will develop Intellectual Property from our membership in a four step process:
- Inventors submit an invention disclosure to University/tecBridge
- tecBridge forwards invention disclosure to Penn State Intellectual Property Office (IPO)
- Technology Licensing Officer (TLO) is assigned to manage invention
- TLO assesses invention
- TLO addresses any outstanding issues
- TLO formulates/IPO implements appropriate patent strategy
- TLO markets invention to potential licensees with input and assistance from inventors
- TLO negotiates agreements with potential licensees in consultation with tecBridge and University
- IPO continues to monitor License Agreement
To participate in acquiring Intellectual Property you must be a member of our fourteen colleges and universities, which include:
East Stroudsburg University; Johnson College; Keystone College; King’s College; Lackawanna College; Luzerne County Community College; Marywood University; Misericordia University; Penn State University – Hazelton; Penn State University – Scranton; Penn State University – WB; University of Scranton; Wilkes University; The Commonwealth Medical College (TCMC)
- IPO Template
For more information, please email us at firstname.lastname@example.org.