Vanderbilt's Commercialization Process: Close
As most innovators can appreciate, it is not possible to successfully protect and commercialize all innovation resulting from Vanderbilt research activities. Human and financial resources are limited, and difficult, value-driven decisions must be made when electing which technologies to pursue and which to abandon. National statistics show that fewer than 20 percent of all technologies disclosed in academic institutions are licensed to industry.
In accordance with the Vanderbilt Policy on Technology and Literary and Artistic Works, inventions for which patenting and marketing are not pursued are generally offered back to the inventors to pursue at their own expense. It is important to note that certain conditions and obligations apply in this circumstance. A principal expectation is that the inventor will actively pursue commercialization of the invention. If there is no intention to pursue commercialization, the invention is better served by staying with Vanderbilt to avoid conflicts that may arise from ongoing research efforts to advance the technology. CTTC is happy to investigate return possibilities with interested inventors if a case is closed.
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