A Virginia Technology Transfer Agreement refers to a legal contract that facilitates the efficient transfer of technology from a university or research institution in Virginia to a commercial entity or industry partner. The agreement outlines the terms and conditions under which the intellectual property rights and associated technology developed by the institution will be utilized by the commercial entity for further development, commercialization, or other purposes. This agreement plays a crucial role in promoting collaboration between academia and industry in Virginia, fostering innovation, and driving economic growth within the state. It allows for the translation of cutting-edge research, inventions, and discoveries into practical applications, products, or services that benefit society at large. Through technology transfer agreements, Virginia universities and research institutions can leverage their expertise and intellectual capital to catalyze economic development, create jobs, and attract investment. There are several types of Virginia Technology Transfer Agreements, each designed to address specific needs and circumstances. These include: 1. Exclusive Licensing Agreement: This type of agreement grants a single recipient, typically a commercial entity, the exclusive rights to use the technology for a specific field or purpose. The licensee gains sole control over the technology, excluding others from using or commercializing it. 2. Non-Exclusive Licensing Agreement: In contrast to an exclusive agreement, a non-exclusive licensing agreement permits multiple parties to utilize the technology simultaneously. This approach allows for wider dissemination and adoption of the technology across various industries or market segments. 3. Option Agreement: An option agreement provides a commercial entity with the opportunity to evaluate the technology's feasibility, market potential, or compatibility with their business strategy before committing to a full license. It grants them a temporary exclusivity period to conduct further research or testing. 4. Research Collaboration Agreement: This agreement facilitates the joint collaboration between a Virginia university or research institution and a commercial entity to conduct research and development activities using the institution's technology. Both parties contribute resources, expertise, and funds to achieve mutually beneficial objectives and share any resulting intellectual property rights. 5. Material Transfer Agreement: A material transfer agreement is usually employed when physical materials, such as biological samples, chemical compounds, or other tangible research materials, are being transferred from a Virginia institution to a commercial partner. It governs the rights, obligations, and protocols related to the transfer, ensuring compliance with legal and ethical standards. In conclusion, a Virginia Technology Transfer Agreement is a vital tool that enables the seamless transfer of technology from academia to industry in Virginia. By utilizing different types of agreements, universities and research institutions can effectively protect their intellectual property rights while fostering collaboration, innovation, and economic growth within the state.
Virginia Technology Transfer Agreement
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How to fill out Virginia Technology Transfer Agreement?
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Technology transfer is the innovation management that takes a novel invention from public laboratorysuch as a university, hospital, or federal research teamto commercialization.
Technology Transfer ProcessStep 1: Invention Disclosure.Step 2: Evaluation.Step 3: Patent Application.Step 4: Assessment and Marketing.Step 5: Licensing of Patents.Step 6: Commercialization.
Examples of technology transfer can be found across virtually every scientific and industrial area, from pharmaceuticals and medical devices to alternative energy solutions, computing, transport, artificial intelligence, robotics, agriculture, aerospace, environmental improvements and many more.
Technology Transfer Activities include: processing and evaluating invention disclosures; filing for patents; technology marketing; licensing; protecting intellectual property arising from research activity; and assisting in creating new businesses and promoting the success of existing firms.
A technology transfer agreement is a legal contract used when a company, referred to as the licensor, licenses industrial or intellectual property rights to a licensee. Intellectual property subject to a technology transfer agreement can include: Patents. Utility models. Trademarks.
This model refers TT as the transfer of the embodied knowledge assets between organizations. The TT process in this model consists of four categories that include 1) Transfer Scope, 2) Transfer Method, 3) Knowledge Architecture, and 4) Organizational Adaptive Ability.
Technology transfer (TT) refers to the process of conveying results stemming from scientific and technological research to the market place and to wider society, along with associated skills and procedures, and is as such an intrinsic part of the technological innovation process.
All VA employees, WOCs, and IPAs must submit an invention disclosure form for any invention, regardless of VA involvement.
Technology transfer activities differ according to the exact nature of the project, and can include an array of different activities, including: Securing patent and intellectual property rights. Assessing the commercial potential of innovations and inventions. Marketing technologies to potential licensees and partners.
TECH TRANSFER AGREEMENTSCooperative Research and Development Agreement (CRADA)Facility Use/Service Agreement (FUSA)License Agreement (LA)Material Transfer Agreement (MTA)Technical Assistance Agreement (TAA)