The PC&T Process

Procedure

PC&T Licensing and Technology Transfer Division and Client

The procedure starts when PC&T’s Licensing & Tech Transfer Division acquires contact with a potential client holding an opportunity. This can be done via email or phone conversation. After interest is obtained, the potential client will immediately receive a Phase Summary Agreement, listing our services, for personal review in order to assure our services and integrity. At that time, The Licensing & Tech Transfer Division will receive any information available describing the patented (pending) technology. After careful review of the Phase Summary Agreement, the potential client will then determine whether they are interested in our offerings and decide whether to work with us.

Once the client decides to work with us, a decision will be made in the best interest of the technology whether it is most suitable for Phase Process II, III, or I. This decision will be determined by the following factors:

• A technology assessment done by The Licensing & Tech Transfer Team

• Prior research completed, including areas such as technology assessment, industry overview, market strategy, etc…

• The status of the technology’s physical capabilities and reliability

The majority of client’s technologies begin at the Phase I level; however, there are cases where a technology is already well developed and has obtained a professional technology and market assessment, from where Phase II level efforts will be most appropriate. Evaluation of prior work done will be reviewed by The Licensing & Tech Transfer Division to determine if extra efforts are needed. A detailed description and timeline of each phase is listed in the Phase Services section.

When the client’s initial phase is completed, a decision to “move forward” or “not move forward” will be made in terms of the best interest for the client and their technology. This decision is determined by the outcome of the research and the discussions made with The Licensing & Tech Transfer Division and the client. If it is decided to “move forward”, a Phase II/III agreement will need to be completed by the client in order to begin the next phase. If it is decided to “not move forward”, the client will receive a written document regarding this information.

If it is decided to not work with us from the beginning and we have already received information on the technology, we are in no position to have ownership/control over the opportunity since proper documentation has not been completed. In addition, if it is decided to “not move forward” after any Phase Services are completed, the relationship between The Licensing & Tech Transfer Division and the client will still exist, but nothing will move forward or develop between the two parties.

Client Relationship

The client’s role, or affiliation during each phase process is completely determined by the client. The Licensing & Tech Transfer Division is obligated at anytime to reveal the status of their research and progress to the client. It is preferred, but not enforced, that we do proceed with a close relationship with the client so that ideas can be compared and a stronger sense of the client’s visions can be accomplished. We feel this relationship may potentially give the technology a more enhanced opportunity to be commercialized quicker. However, if it is not in the interest of the client to keep a close relationship, the job is still guaranteed to be completed as agreed.