The Commercialisation team works with researchers to identify projects with commercial value, and advises on intellectual property protection. The team also assists with finding industry partners and negotiating contracts for funding and subsequently commercialising these projects.
We work under the general provisions of the university’s IP policy.
Our primary objective is to ensure ECU research is developed into real-world products and services that benefit the community. The revenue stream generated by these products and services can be a valuable mechanism for further investment into research and development.
The team offers the following services:
- assessment of the invention for commercial potential;
- advice on IP issues and rights;
- guidance in obtaining protection and liaison with Patent Attorneys;
- determining the most appropriate commercialisation strategy;
- assistance in finding industry partners;
- marketing new inventions and discoveries to industry;
- negotiating research contracts and Licensing Agreements;
- assistance in facilitation of Material Transfer Agreements; and
- assistance with sourcing funding either from external grants, such as Commercialisation Australia, or via internal mechanisms.
For potential partners
ECU actively seeks out commercialisation partnerships. Potential research partners should visit the Research commercialisation web page for more information.
Simply put, commercialisation is the process of turning a piece of knowledge into a product or service. Why do it?
- For the researcher: you will gain a new skillset, see your research work have an impact, get kudos, receive ASPIRE points, and hopefully, generate a financial return.
- For the University: increased brand recognition, better engagement with industry, highly skilled academic staff, and financial returns.
- For the Community: a new product or service to enhance people’s lives!
ECU’s IP Policy provides guidance for both student and staff IP development
IP developed by students belongs to the students, except where there has been significant intellectual input from a staff member, over and above what would normally be expected of a supervisor.
Students can assign their IP to ECU in exchange for being treated like a staff member if they choose, but are under no obligation to do so. For projects involving both staff and students it’s important to ensure correct IP agreements are in place.
Any IP developed by staff is owned by ECU, in accordance with their employment contract. In exchange for this, the University will split 50% / 50% any proceeds generated by the commercialisation of that technology with the inventor group.
In the event that the University chooses not to commercialise the IP, ECU will assign it back to the inventor group on a cost-recovery basis.
For more information refer to the IP Policy.