The Business Development program in UC Merced’s Office of Research and Economic Development partners with researchers to give them the opportunity to see their discoveries and inventions become new and improved products and services that can have tremendous positive impact on all of our lives.
Business Development works in four areas:
- Innovation Strategy: We work with UC Merced researchers to develop plans for enhancing the impact of their research through commercialization. Elements of innovation strategy include developing approaches for licensing, marketing, team-building, financing, and perfecting intellectual property rights. Research agreements are legal documents that memoralize how everyone has agreed to work together on a research project. By getting involved early and focusing on achieving consensus, our program builds long-term, win-win relationships. In working between academia and industry, each side inherently has a lot to offer, and a lot to gain, and we build multi-dimensional relationships that recognize the spectrum of value.
- Technology Commercialization: We receive invention disclosures from UC Merced researchers, often as an outgrowth of their innovation strategy, and work with them to explore and realize the commercial potential of their discoveries. We also work with researchers to explore and discover opportunities for cooperative development of technologies with industry partners.
- Industry Alliances: We help UC Merced researchers develop a good business understanding with industry partners and launch successful collaborations. A common misconception about research agreements is that they are simply forms to be filled out. In fact, research agreements are legal documents that memorialize how everyone has agreed to work together on research. By getting involved early and focusing on achieving consensus we build long-term, win-win relationships.
- New Ventures: We work with investors, entrepreneurs, students and inventors to create start-up companies that commercialize disruptive or early-stage technologies developed at UC Merced. The Office of Business Development and the UC Merced Small Business Development Cneter Regional Network have partnered to create the Program for Innovation, Commercialization and Technology (PICT), a resource for UC researchers who want assistance in exploring the market for new business concepts based on UC technologies, discoveries and insights.