Authors - Nuno J. P. Rodrigues, Tania S. S. Azevedo Abstract - The literature review on licensing and technology commercialization delves into the critical role that Intellectual Property (IP) management and effective licensing strategies play in the commercialization of technological innovations. Intellectual property, particularly patents, provides a competitive edge for firms, enabling them to appropriate financial returns from their innovations. Licensing emerges as a vital method for both leveraging technologies developed within organizations and universities and generating revenue streams. The review emphasizes the importance of robust IP management, which allows firms to secure their innovations and strategically negotiate licensing agreements to expand their market reach. The studies analyzed highlight the complex dynamics involved in technology transfer, with a particular focus on how universities play a pivotal role in transferring innovations to the market. University-based licensing officers often act as intermediaries between academic inventors and the commercial sector, facilitating the commercialization process. However, challenges such as bias in decision-making and the difficulties in securing timely licensing agreements, particularly in emerging fields like nanotechnology, are discussed. Additionally, the review explores how partnerships between companies and universities, through strategic alliances and well-structured contracts, can mitigate risks and enhance the successful commercialization of new technologies. Overall, this review synthesizes key insights into how companies and academic institutions can optimize their technology commercialization efforts through efficient IP management, strategic licensing, and collaborative partnerships.
Open Zoom
