Technology Transfer Workflow at OU
The University of Oklahoma's Intellectual Property Management Office is in the business of developing relationships with researchers and providing to them the benefits of commercialization of their projects. The IPMO focuses on getting value from the technology that is developed at OU which, in turn, increases the university’s research, and creates new companies or finds companies that can benefit from that technology, all of which contributes directly to the intellectual, economic, social and cultural vitality of the state and the nation.
Yesterday, IP.com and the University of Oklahoma announced the launch of the InnovationQ Technology Transfer Workflow application for the University of Oklahoma's Intellectual Property Management Office. The system was designed to improve decision-making, secure IP records, and enhance the marketing of university intellectual property to prospective licensees.
"The chief goal was to improve the ability of the University of Oklahoma to identify, secure, and market the incredible research that occurs on their campuses," says Tom Petrocelli, IP.com's SVP for Enterprise Software. "Not only will the University of Oklahoma's IPMO be able to make better decisions about their ground-breaking research, they will be able to more effectively discover and attract licensees for those ideas."
InnovationQ helps companies to legally safeguard their intellectual property, derive more value from ideas, and speed the monetization of innovation. With streamlined processes, collaboration tools, and a secure system for managing innovation, InnovationQ effectively protects and enhances intellectual property from its conception.
"IP.com is designed to capture innovation at a very early stage and automate common but tedious IP related processes," says Colin FitzSimons, Associate VP for Technology Development and the Executive Director of the Intellectual Property Management Office at the University of Oklahoma.
InnovationQ offers the flexibility to integrate with existing software systems and corporate LDAP directories. This simplifies the process of assigning user and group roles within the system and accessing existing records, ultimately increasing compliance. Researchers and faculty are more likely to submit inventions -- as they can continually track the progress and status of each disclosure. It creates transparency between researchers and the IPMO.
"InnovationQ provides us with a suite of IP marketing tools," says Cameron McCoy, Director of Technology Marketing for the Intellectual Property Management Office at the University of Oklahoma. "We are collaborating with IP.com to create a unique innovation dashboard for technology managers to view reports, assess activities, and take action on their technologies and non-confidential summaries. It provides a platform for us to showcase our licensable content through a custom technology marketing portal -- providing OU with new commercialization opportunities."
InnovationQ delivers web-based, onsite intellectual property management solutions including invention disclosure review, patent analysis to assess acquisitions and divestitures, publication clearance, and R&D collaboration. IP.com configures these user modules to customer specifications yielding an application that is unique to customers.
