The Baylor Licensing Group catalyzes a culture of entrepreneurship by informing, educating and supporting the Baylor research community on matters related to commercialization. We are growing commercialization activities and outcomes at the College with efficient and effective processes and systems for soliciting and managing invention disclosures and negotiating mutually beneficial agreements with industry partners.
- Maximize the Impact of Your Research
As a leading biomedical research institution with globally recognized excellence across many research disciplines, Baylor should be strongly impacting the next generation of therapeutics, devices, diagnostics, and other solutions that can impact patient’s lives. These benefits won’t happen without commercialization. Relationships with commercial partners will open doors that will ultimately enhance the prestige and reach of the college’s formidable research enterprise.
- Public Benefit and Fulfillment of Our Institutional Mission
As a member of the Baylor research community, participation in commercialization opens the door for your discoveries to be developed into products and services that benefit society. This activity fulfills public expectations around funding of research – as well as the Baylor mission to create and apply science and discoveries to further education, healthcare, and community service locally and globally.
- Partnering With Industry
Working with industry may bring new collaborators and new perspectives to your research program. This activity may open doors for you to tap into new resources that may impact your research in different ways.
- Starting a Company
Commercialization may provide opportunities to be involved in the formation, operationalization, and funding of a new business entity. Only a small subset of technologies merit start-up company formation as the route to commercialization, and the decision to form a start-up company is normally based on the prospect that start-up can secure a sustainable competitive advantage.
- Revenue Generation
Successful license agreements can provide a source of unrestricted revenue that the College can use to support its research mission; and this revenue provides direct benefits to the Baylor researchers who developed the commercialized technology.
- Opportunities for Funding
Partnering with a commercial entity may provide a source of funding to support commercialization-focused research through industry-sponsored research or programs like the SBIR/STTR program, CPRIT commercialization grants, or funding from non-profit foundations that are interested specific disease areas and commercial approaches to treat them.
- Opportunities for Student Education and Growth
Commercialization activities provide opportunities for students and trainees to learn about various aspects of the commercialization process by serving as interns with the Baylor Licensing Group and through potential employment/consulting relationships with start-up companies.
- Collaboration Opportunities
Rice University and Baylor College of Medicine signed an interinstitutional agreement to facilitate research and teaching collaborations between the two private schools in 2015.
Guide to Commercialization
The Guide to Commercialization is designed to educate faculty regarding various aspects of commercialization including the different types of relationships between academia and industry, disclosure submission and management, marketing, licensing and patent strategy.