About OTT: What We Do
Upstate Medical University Office of Technology Transfer is responsible for managing the intellectual property assets of Upstate Medical University.
Scientific insights and academic breakthroughs draw interest and enthusiasm from the research community when they are presented at a scientific meeting or published in a journal. However, without a company willing to invest in bringing the invention to marketplace, many potential benefits of these breakthroughs are likely to end on the page. At OTT our charter is to help turn scientific progress into tangible products, while returning income to the inventor and to the University to support further research.
We receive invention disclosures from Upstate faculty, staff and students. We evaluate these disclosures for their commercial possibilities, and when possible license them to industry. If the inventions are successfully licensed, cash royalties collected by OTT provide funding to the inventors' departments and schools, as well as personal shares for the inventors themselves.
We strive to provide a valuable service to Upstate innovators by making the technology transfer process as user-friendly as possible. Our success depends on these relationships. We spend a significant portion of our time working with inventors to protect their inventions and to guide the commercialization process. OTT strives to create an environment in which inventors feel like they are an integral part of a successful relationship, committed to having each invention reach its full potential.
We typically begin the licensing process by reviewing an invention with the inventors to learn about potential applications. We then develop a licensing strategy, consider the technical and market risks, and decide whether to patent the invention. Together with the inventors, we try to find companies that might be interested in the invention and seek a product champion within a company before negotiating a licensing agreement.
Although patentable inventions constitute the majority of OTT's licensing activities, we also handle copyright (software), Tangible Research Property (TRP), and outgoing Material Transfer Agreements for biological materials.