The Polish Association of Centers for Technology Transfer (PACTT) is a voluntary association of representative units of six Polish universities responsible for the protection, management and commercialization of university IP. Due to their main mission, which is impact and not income, universities are mainly developing their internal capacities to evaluate technologies, based on internally defined criteria, and outsource IP valuation services, which go beyond calculation of the cost of technology development. The main mission of university TTOs would rarely be financial, but rather focused on getting out research outcomes to users, and, if possible, collecting an income as return on research investment.Īs mostly a “market observer” than player, academic institutions have a different understanding of the potential value of a technical solution on a specific market than market players, such as venture capitalists, industry partners or technology brokers.Īlso, due to the lack of the real IP markets in the most emerging economies and rather non-transparent information regarding mechanisms and tools to be applied in determining the value and subsequently the price for transferred IP, academic institutions often have asymmetric information and negotiation positions vis-a-vis their business partners. First, because universities and research institutions are nonprofit organizations, even if they generate revenues through consultancies, services or technology transfer activities. Academic institutions are particularly sensitive to challenges in dealing with the market environment for many reasons.
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