Patenting an invention resulting from UW research has many benefits. A patent secures the UW’s ability to market the invention to corporate or non-profit entities that may further invest in the development, manufacture, and distribution of the invention. A patent may encourage commercialization of an invention by providing the licensee with an exclusive period (e.g., 20 years from the date of filing) of ownership rights in the invention. In addition, a patent can benefit researchers by (1) demonstrating that their work is innovative; (2) returning revenue to researchers and their departments, schools, and colleges; (3) providing an asset around which researchers may build a company; and (4) providing the satisfaction of contributing new information to society, which may in turn lead to new or improved goods and services.

Posted in: Intellectual Property, Patents