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Industry Partnerships and Commercialization
Industry Partnerships and Commercialization

Key Terms

Commercialization: The process or cycle of introducing a new product into the market.

Copyright: The exclusive right of an inventor to sell and control the reproduction, use and disposition of their work for a specifiednumber of years. Any reproduction or duplication of the inventors work without consent is considered Copyright  Infringement.

Disclose: Describe or otherwise make available to the public anywhere in the world through any means, including but not limited to written publication, oral presentation, sale, public demonstration or public use.

Intellectual Property: Intangible creative property, such as ideas, designs or literary works which have commercial value that may be expressed through the protection of patents, copyrights or trademarks.

Patent: The exclusive right granted by a government to an inventor to manufacture, use or sell an invention for a limited amount of time. To be considered patentable an invention must meet the following three criteria:

  1. Novelty  (different)
  2. Non-Obvious (not predictable)
  3. Utility (useful)

Trademark: A distinctive design, picture, emblem, logo or wording (or combination thereof) affixed to goods for sale to identify the manufacturer as the source of the product and to distinguish them from goods sold or made by others.