Commercialising your research
DIT Hothouse is committed to research commercialisation and technology transfer from DIT to the world of industry and commerce.
There are a number of different reasons why you should commercialise your research:
- Tangible output from your research
By commercialising your research you get due recognition of your efforts.
- Attract further research funding
A track record of commercialising research from one project can improve your chances of getting further funding.
- Attract further industry partners
Industry partners like to see they are working with researchers with a keen eye for developing products targeted to specific markets.
- Attract further research partners
Multi-centre research projects are continually looking for partners with successful commercialisation history.
- Requirement of your research project
Certain state funding requires commercialisation as the final output of research projects.
- Financial gain
DIT colleagues and students involved in commercialisation projects are entitled to fair financial rewards for their efforts.
Unlike most other third level institutes, DIT does not claim ownership of the intellectual property created by DIT staff in the course of their work. Rather, the creator (staff or student) owns all legal rights to the IP except where:
- there are contracts with sponsors that require IP assignment to DIT,
- DIT resources were used in the creation of the IP,
- administrative materials were developed for DIT.
The principle vehicles for commercialisation will be through licensing of intellectual property to a third party or through the formation of a campus company (start-up). DIT Hothouse will assist in drawing up a beneficial IP package to be agreed with a prospective user or partner, or in drafting a business plan towards the formation of a spin-out company. The legal details will be finalised with the institute’s legal advisors.
DIT will only embark on a course of patenting and commercialisation if the technology warrants it and if the applicable researcher(s) support the process.