THE CHALLENGE FOR NON-PROFIT INSTITUTIONS
Since 1980, the Bayh-Dole Act has allowed US non-profit institutions to benefit financially from intellectual property they created using government funding,
Many large non-profit research institutions have offices for developing, transferring, and commercializing intellectual property. However, not every non-profit institution is able to effectively monetize its patents.
Developing a new product or service based on early-stage research requires:
A major investment of time and money in product/service development and (often) regulatory approval
Expertise and infrastructure to support marketing and sales
Most non-profits thus choose to work with commercial partners to bring new technologies to market.
IPNav’s Full Service Patent Monetization Solution can give every non-profit the ability to:
Reduce dependence on government funding and private donations for research and development
Increase the total amount of funding available
Acquire unrestricted funding in the form of licensing revenue
Turn inventions into products to benefit the public
Reward staff members for their efforts
Like universities, non-profits face barriers to monetization that IPNav can help overcome. For example:
Non-profits may lack the human resources flexibility to ramp staff up and down in response to licensing opportunities.
Technology transfer departments may lack the global market data to determine what IP is worth to buyers in different countries and industries.
Learn more about how IPNAV can help non-profits accomplish their goals.