The Technology Commercialization team forms partnerships with new and existing companies by negotiating license agreements or providing UCGo! Startup Licenses.
A license is a contract whereby the owner of intellectual property grants permission for another party to act under all or some of the owner’s rights. The Technology Commercialization team typically transfers UChicago intellectual property through a license agreement in which the University grants its rights in the technology to a third party.
If the Technology Commercialization team finds a commercial partner, the team will negotiate the terms of a license agreement for the technology. We will keep you generally informed when the licensing process has proceeded and when the agreement is finalized. Inventors and the University may benefit financially from license agreements, and revenue can be used to support new research and discovery.
Apply for UCGo!, the University of Chicago’s express license. This optional, standardized, non-negotiable license agreement is available to a startup founded by a University researcher seeking to commercialize University technology.