Intellectual property refers to the legal rights of individuals or businesses over the products of their mental creativity, such as ideas, innovations, works of art, inventions, trademarks, designs, etc. These rights recognize the right of creators or owners to protect their work and to make economic profit from these works.
Idea Identification and Initial Evaluation: The potential of the idea developed by the academician or student is evaluated.
The idea is recorded on the TTO's standard notification forms. A patent search is conducted.
A development plan is created. Support is received and a patent application is made.
Market research is conducted and licensing agreements are prepared.