Step 5: Commercialization
When a company expresses an interest in licensing one of our technologies, we will negotiate with the company to find agreeable licensing terms. Items to keep in mind are as follows.
Licensing agreements allow companies to use the invention in exchange for payment of royalties and reimbursement for patent expenses. Licenses may be exclusive (rights granted to only one company) or nonexclusive (rights granted to several companies).
After a license agreement has been completed, the licensee will continue to develop the invention for incorporation into their products or services in accordance with the terms of the agreement. These efforts may entail further research, obtaining regulatory approvals, manufacturing, distribution, and training.
Throughout the duration of the agreement, K-State will monitor the company’s performance and ensure that the company is in compliance with established terms and conditions. K-State handles any necessary adjustments or amendments that need to be made to the license agreement over time.
If an innovation generates income, royalties will be distributed to the appropriate university stakeholders in accordance with Kansas Board of Regents' IP Policy and the K-State Intellectual Property Policy along with certain policies enacted by the KSURF Board of Directors. Read appropriate policies.
Technology transfer is a collaborative process. K-State staff will work closely with you at each step to help meet market needs and optimize the commercial outcome for your invention. Your continued input in and support for commercialization activities significantly increases the possibility of licensing success.
We attempt to add value to each invention that is disclosed. Although not every invention is suited for commercialization, K-State staff will provide feedback on strengths and weaknesses and offer recommendations for further research and development needs for all inventions. When opportunities are available, our team will provide information that may assist you in obtaining on-campus and off-campus research funding or in forming research partnerships with industry and other interested third parties.