Licensing Services
How to license from MMC
Maine Medical
Center’s
Office of Technology Transfer facilitates the practical application
of knowledge by protecting, marketing, and negotiating the sale of
rights of commercially viable intellectual property to partners that
can bring the property to market. In addition, OTT seeks to recover
past expenses invested in a patent, with the expectation that the licensee
will pay future patent expenses.
OTT attains these goals through a flexible, responsive licensing process
designed to meet the individual needs of commercial partners.
The following is a typical sequence of the events that lead to licensing:
1. After learning of an available technology at MMC, you should contact
the Director of Technology Transfer who can put you in touch with the
inventor to request additional non-confidential information. Under a
confidentiality agreement, the Director of Technology Transfer can also
provide confidential information such as patent applications and new
data generated.
2. Following your evaluation of the information, you participate in
a conference call or meeting with the inventor and the Director of Technology
Transfer.
3. You choose among several licensing options such as:
- sponsor
additional research
- ask
the inventor to consult on research conducted at your company
- pursue
an option to license based on future events
- license
the technology in its current form
OTT can structure a licensing agreement around an existing company or
a new start-up company. Terms will depend on a variety of factors such
as:
- Time to market
- Investment required to get the product to market
- Potential size of the market
- Potential profitability
The Technology Transfer Office will do everything possible to expedite
the process so that the technology can be moved to a commercial setting
in an efficient manner
