Basic Research and the Public Good
Central to the mission of the University is research, education, and the publication and dissemination of ideas and discoveries. As our motto (Crescat scientia, vita excolatur.) suggests, the creation of new knowledge can enrich life for everyone. When the University accepts funding support for faculty research, it also frequently accepts an obligation to disseminate and manage the results of that research for the benefit of the public. When combined with traditional modes of dissemination, the commercial development of research results may contribute to their achieving the greatest impact, the widest dissemination, and the maximum contribution to the public good. Revenues from commercial development are used to support new and ongoing efforts in basic research and education.
The Role of UChicagoTech
UChicagoTech manages the University's dissemination of intellectual property through commercial channels, including inventions, software, and educational or research materials involving new information technology. Our office is engaged with and responsive to the faculty, in an environment that is broadly supportive of entrepreneurship among the faculty.
A Market-Based Approach
Successful commercialization depends upon a disciplined, market-based approach. Each decision to commercialize intellectual property entails multiple considerations including time on the part of faculty and administrators, possible effect on other means of dissemination of the work, and sometimes extensive financial resources from the University. Once a faculty member has decided to explore commercialization as a means of dissemination, we will analyze the viability of commercial development. If opportunities exist, UChicagoTech will oversee intellectual property protection, marketing, licensing, relationships with companies, and if appropriate, the creation of new businesses.
Partnerships
Successful commercialization also depends upon a close working relationship between our staff members and those who have developed new intellectual property. Moreover, UChicagoTech frequently engages in collaborative efforts across the University and beyond to further its mission. Participation in new educational technologies; cooperative efforts with other universities or research centers on mutually beneficial initiatives; and the creation of a climate for richer and more productive interactions between the University and corporations are just a few examples. Partnerships and communication with faculty, the Divisions and Schools, Argonne National Laboratory, and specific educational programs and administrators are essential to our success.
Laws, Regulations, and Obligations
The management of University intellectual property is complex. There can be many constituencies and conflicting interests. UChicagoTech works at the interface of science, business, and law, and within the multiple contexts of University policy, federal and state regulation, research sponsor obligations, and commercial contractual obligations. We strive to achieve our mission while ensuring compliance within these contexts.