COMMERCIALIZING INVENTIONS THROUGH AN OFFICE OF TECHNOLOGY TRANSFER A LE X EY T ITOV

An Office of Technology Transfer (OTT) is a unit of an academic institution that manages intellectual property owned by the institution and seeks commercialization opportunities for inventions that result from research activities at the institution. In the United States, technology transfer offices proliferated in universities and research organizations after introduction of the legislation known as the BayhDole Act.* –is act enabled small businesses and nonprofit organizations, including universities, to retain title to inventions made under federally funded research programs and encouraged universities to participate in technology transfer activities.