Office of Research & Sponsored Programs
Ferris Library for Information, Technology and Education (FLITE)
Ferris State University
1010 Campus Drive, FLITE 410 D & F
Big Rapids, MI 49307
Universities are fertile ground for intellectual property and inventions that change the way we live. At the same time, Universities have a responsibility to be good stewards of discoveries and intellectual property developed from research and to move new ideas quickly into the marketplace, where they can advance the public good. [See: AAU Working Group on Technology Transfer and Intellectual Property, 2015]
From medical discoveries (recombinant DNA process invented at Stanford), to vitamin fortified drinks (Gatorade invented at Univ. of Florida) and diagnostic imaging (CAT scan invented at Georgetown University), these University-based inventions are making the world a better place. But having an idea — even a revolutionary one — isn’t enough. Universities and research institutions need help growing and advancing those discoveries to a final product or service — and that is where technology transfer fits in.
The goal of technology transfer is to make the world a better place, one discovery at a time. The process of technology transfer involves innovation management (such as faculty invention disclosures), protecting ideas (patents/copyrights) and licensing inventions to companies, new venture creation and incubation, and economic development. If an invention has its roots in a non-profit entity, such as a university, hospital or government lab, it's considered a tech transfer success!
[Partially Adapted from AUTM, https://autm.net/about-tech-transfer]