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.
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.
Types of Agreements that Govern Academic Industry Interactions
Industry Consulting Agreement
As a thought and opinion leader in your chosen field of study, for-profit companies may desire access to your expertise through a consulting relationship. It is important for you to read and understand your obligations under the Disclosure of Outside Interest Policy (Baylor login required). If you are contemplating a consulting relationship, read answers to frequently asked questions first.
Disclosure Submission and Management
As is standard practice among academic institutions, Baylor College of Medicine owns intellectual property developed by its faculty, staff, and students. You are strongly encouraged to educate yourself on the college’s policies regarding intellectual property ownership and disposition as specified in the College’s policy 20.8.01: Research: Inventions and Patents (Baylor login required).
Our most successful licensing transactions have almost always involved teamwork between the PI and their BLG project manager working in tandem to find the best commercial partner for development of the technology. Learn about the roles of BLG project managers and faculty in marketing efforts.
When a company approaches BLG and states that they want to enter into a license agreement, a period of negotiation begins during which both parties work to arrive a mutually acceptable deal Some licenses are negotiated and completed in a manner of weeks, whereas others may take many months. Read about the negotiating process for executing an agreement.
The goal of the commercialization process is a license that leads to commercial use or development of the technology/invention, and not to obtain a patent per se We make the decision to le a patent when we believe that patent protection is necessary to stimulate commercial interest in an invention so that we can successfully land a licensee. Read this explanation of the patent decision-making and prosecution process and learn about inventorship on a patent and the patent prosecution process.