In today's research environment, institutions are charged with generating revenue through the commercialization of resident technologies. The ability to maximize the value of intellectual property is important to fund ongoing research, purchase and maintain state-of-the-art equipment/facilities and to recruit and retain leading researchers -- thus allowing institutions to remain relevant and competitive.
To meet these new demands, technology transfer organizations are pursuing new and innovative strategies to accomplish these objectives. Some are totally outsourcing their technology transfer functions to those more qualified and experienced while others are aggressively staffing, creating standardized policies and automating processes to better address their needs. One thing is for certain, the leading technology transfer organizations are not sticking with the status quo.