BioTech at industry conferences , or working with venture capitalists who are interested in funding new innovations .
When a commercial partner shows interest in the technology , the TTO enters into licensing negotiations on key terms such as royalty rates , upfront payments , exclusivity clauses , and other terms that determine how both parties will benefit from the commercialization of the technology . Once a licensing agreement is in place , the TTO continues to support the licensee to ensure the technology is developed and commercialized effectively . This support may include monitoring progress , tracking milestones , and ensuring compliance with the terms of the licensing agreement .
Best Practices for Tech Transfer Offices
To maximize the potential of licensing
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