A new initiative at the University of Manitoba that makes its research much more accessible to the private sector is getting enthusiastic take-up and turning heads in technology-transfer circles at home and abroad.
After lengthy consultations last year, the new program, called Transformational Partnerships, launched at the beginning of the year, has virtually done away with lengthy negotiations over potential royalty payments and control of intellectual property (IP).
Instead, the university will now assign the IP management to private-sector partners giving them full control of the technology to incorporate it into their product or service or even sub-licence it.
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