The Office of Technology Transfer (OTT) is responsible for managing the intellectual property (IP) assets of James Madison University including inventions, copyrights for software and printed materials, and outgoing Material Transfer Agreements for biological materials.
The OTT provides the following services:
The OTT seeks to build a working relationship with researchers and inventors to facilitate the awareness of the technology transfer process. Once we receive invention disclosures from JMU faculty, staff, and students, we review the invention with its inventor(s) to learn about potential applications. We evaluate these disclosures for their commercial possibilities by analyzing the IP space of similar inventions. The IP Assessment report provides valuable insight to the inventor, the university, potential partners and investors as to who and what inventions are in the space as well as how unique the invention or concept is to the marketplace.
With the IP Assessment as a springboard, we develop a licensing strategy, consider the technical and market risks, decide whether to patent the invention, recruit companies that may be interested in developing the invention, and seek a champion within a company before negotiating a licensing agreement. Likewise, we consider whether the invention warrants the creation of a company, a desirable outcome for economic development for the right invention and the right team of people to take it to market.
Successful licensing results in cash royalties collected by the OTT will be shared with the inventors, their departments, and colleges according to the university's Intellectual Policy 1107. Furthermore, long-term collaborative relationships with industry are developed to sustain on-going research for a pipeline of collaborative research and innovation at JMU.
our MISSION... To promote innovation, enhance research by connecting inventors and industry, and foster economic development through protecting and commercializing intellectual property.
our VISION... To create a new and unique model for university technology transfer by analyzing our intellectual property potential in the marketplace, partnering with corporations, and assessing entrepreneurial management teams, start-up companies will be given a stronger opportunity for success.
we SERVE...Faculty, staff, and students producing innovative ideas and intellectual property with commercial potential and Corporations seeking to work collaboratively on JMU research projects to develop their products and business.