Following disclosure, inventions undergo an evaluation process that is designed to be a surrogate for industry, leveraging both internal and external expertise early in the development process. The OTD objectively and transparently reviews technologies, makes informed and timely decisions, and provides multiple opportunities for communication with inventors during the entire process.
First, inventions are evaluated internally by the OTD through consultation, disclosure, and review. This preliminary evaluation helps outline the invention in terms of what the product is, commercialization strategy, proof of concept and needed patent(s), as well as identifying potential barriers.
The OTD works in consult with industry leaders, scientists, technology sector experts, clinicians, investors, and business professionals to consider whether an invention has an addressable market, whether additional research and development is needed, what the IP landscape looks like, the quality of the science behind the concept, available funding and resources, and inventor commitment.
Inventions are also reviewed by MCW senior leadership to ensure proper budgets and resources are in place, and that the invention will provide an appropriate return on investment.
The OTD will be present to answer questions, make recommendations, and help inventors navigate every stage of the patent process.