| Does commercializing technology compromise the University's mission? | It should not. A key part of Carnegie Mellon's mission is to "transfer intellectual products to society." Commercializing technology can be as effective as graduating students and publishing papers in disseminating knowledge and discoveries. Therefore we believe technology commercialization is in direct alignment with the University's mission and our faculty members’ goals. |
| What are the basic deliverables of CTTEC? | In performing its job of managing the intellectual property rights of the university, the CTTEC negotiates and assists with:
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| What are the rewards of technology transfer? | Broad dissemination of work originating at the university can greatly benefit the public. It serves to maximize the impact of an invention. Partnerships between university researchers and companies can lead to new insights and applications of the work. It may result in research sponsorships and other financial rewards for the creators. It can benefit the regional economy and Carnegie Mellon graduates by creating jobs. It drives new product introductions, new company formation, and regional economic development. |
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How long does it take for a university invention to go to market? |
Most university inventions are considered "early stage" technologies, and they do not become products or become widely accepted by the public for an average of three to five, and sometimes as long as 10 years. |
| What qualifies for a patent? |
There are certain criteria that must be met before a patent is issued. The invention must be:
Novelty can be tricky. In United States, patents are awarded to the "first to invent" rather than the first to file for patent protection. To receive a patent, an invention must be new and cannot have been publicly known. This means the invention:
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| How much does a patent cost? | You can expect a typical U.S. patent to cost somewhere between $15,000 and $25,000 and take up to five years to obtain. Equivalent foreign patents could cost significantly more. |
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