Vanderbilt's Commercialization Process: Evaluation
The evaluation process provides us with a better understanding of the invention in order to facilitate its protection and commercialization. CTTC works to understand the significance, ownership, technical and commercial aspects, and potential of the invention.
The evaluation process can be broken into two distinct steps: Cursory Assessment and In-depth Analysis. These two steps can typically be completed in about two months. The entire evaluation process often requires multiple discussions with the inventors to optimize the outcome.
The resulting marketability and patentability assessments enable us, in consultation with the inventors and other stakeholders, to determine a plan for disposition of the invention. Patentable inventions that lack market potential, or for which the likely scope of protection is too narrow to provide adequate value in the marketplace, are closed. Those needing further development, prototyping, or proof of concept before they are ready for commercialization are placed on hold.
Finally, inventors interested in creating a start-up company surrounding their technology, rather than approaching traditional licensing, should consider initiating the New Venture process.
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