How is Commercialization of Biomedical Research Important?

Biomedical Research is one of the most rapidly growing academic research fields today. Biomedical research institutions have allocated their resources to upgrade their research facilities and encourage new talent to join their efforts in increasing the scientific knowledge to advance the diagnosis, treatment, and prevention of diseases. These research institutions have pursued commercialization of biomedical research as means of making their technologies available for development into products for the benefit of the general public. This movement is a response to programs that promote innovation in the biomedical field.

There are several biomedical research institutions in the US. The University of Nebraska Medical Center (UNMC) is a major contributor of innovative technology in the biomedical field. To commercialize its biomedical research, UNMC works in collaboration with UNeMed, who facilitates technology transfer services to the institution. Technology transfer allows technology created during research activities to be further developed into marketable products for the benefit of the public. UNeMed helps UNMC in the commercialization of biomedical research by promoting the technology and establishing partnerships with industrial entities.

The biotechnology licensing services offered by UNeMed benefits UNMC in several ways:

• First and foremost, the technology transfer services offered by UNeMed ensure that the interests of the research institutions are protected. Technology transfer allows the institution to hold on to the intellectual property rights while issuing licenses for the conditional use of the technology.

• UNeMed enables diagnostics and therapeutics patent licensing on behalf of the university.

• The technology transfer office arranges meetings with potential industry partners to achieve biotechnology licensing and sponsored research agreements.

• Working with the technology transfer office ensures that all the appropriate measures are taken in order to protect the confidentiality of the intellectual property, including establishing confidential disclosure (non-disclosure) agreements.

• The technology transfer office helps UNMC comply with the boundaries regarding patents and licenses for federally funded research and development. UNeMed ensures that the agreements are completed in compliance with the specified rules.

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