University of Minnesota
Office for Technology Commercialization
http://www.research.umn.edu/techcomm
612-624-0550

Office for Technology Commercialization homeOTC

For Industry

Frequently Asked Questions (FAQs)

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Where can I find University technologies that are available to be licensed?

The Technology Marketing Site lists currently available technologies.

Who can I contact to introduce myself to the Office for Technology Commercialization (OTC) or learn more about a technology that I am interested in?

The staff directory provides a full listing of all OTC employees and their positions. Additionally, each technology summary on the Technology Marketing Site lists the contact information for the Technology Marketing Manager assigned to each technology.

What are some examples of past University technologies that have been licensed and successfully commercialized?

OTC has licensed technologies to Medtronic, 3M , Honeywell, Boston Scientific, Rolls Royce, Adobe, and many more established firms who have turned our research into a commercial product or service. Here is a link to our recent University Start-ups.

What steps are involved in licensing University technology?

Every situation is different; however, our Licensing Process page provides an overview of the process.

How long does the licensing process take?

The Licensing Process can take anywhere from a few minutes for online non-exclusive licenses from the Technology Marketing Site to a few months for more complicated agreements.

What are some of the typical factors and terms involved in a University license?

Our Licensing Process and License Agreement Definitions and Documents pages provide overviews, definitions, and templates outlining possible agreement types.

Which policies guide technology licensing at the University of Minnesota?

OTC adheres to University and Federal policies, which are outlined on the University Licensing Policies page.

What are the benefits of licensing a University technology?

Licensing University technologies provide firms many unique benefits, as outlined on the Benefits of Working with OTC page.

Research Highlight

Man at laptop

Net Perceptions

UMN computer science professor John Riedl founded Net Perceptions, Inc. in 1996. Net Perceptions' personalization and precision-marketing software, a blend of technology and psychology, was adopted by Amazon.com and other Internet companies. "The University provided the foundation and the psychology that helped Steve Snyder, a co-founder and UMN graduate, recognize the importance of collaborative filtering as a technology, which led to the creation of Net Perceptions."

The startup went public in 1999 and achieved a stock price of nearly $60 per share before the collapse of the tech sector in 2001. The company's rise and ongoing business, however, have been a boon all along to the University, which licenses the technology to Net Perceptions for commercial use.

 

Story from the AUTM Better World Report http://www.betterworldproject.org/