Balancing Stakeholder Interests
Our industry - academic technology commercialization - has undergone increased scrutiny over the past few years, particularly with respect to roles, responsibilities and outcomes associated with the commercialization process. Academic inventors have a vested interest in successful execution of the commercialization process, as do their employers – academic institutions that invest in basic research and its commercialization. The public also has an interest in the process because successful commercialization activities lead to new products, therapies and other advancements that benefit mankind.
The Association of University Technology Managers (AUTM) has undertaken the task of recognizing the various interests of stakeholders in academic commercialization process, and has advanced the concept of quantifying the expectations of each party vested in the process. The AUTM Guidelines for Balancing Stakeholders' Interests seeks to define and balance these varied and sometimes only partially aligned interests. This Faculty Advisory Committee approved adoption of this document during the July 2012 meeting.
* AUTM is the national association for academic licensing professionals.