After the President’s call for expedited transition of federal research to innovation and commercialization, technology transfer officers were left to reexamine process. Gene Quinn of IPWatchdog dusted off an invention-to-innovation continuum for illustration:
- It’s a classic role of government to fund much of basic research.
- Some basic research will “show promise,” demand more applied research, and, of course, the requisite funding.
- The goal is to get the research/invention to a point where it can be used by a licensee for a commercially viable endeavor.
- That timeline is unique to each invention, but unfortunately what research institutions provide is not off-the-shelf technology. As Quinn states, we’re not talking about “plug and play” here.
- What the administration is calling for is an expediting of this timeline; unfortunately, incentives already exist for moving it along as quickly as possible.