Initial Meeting Between Entrepreneur and OIPTT/ISURF
An initial meeting is helpful for all parties to discuss the technology, how the business intends to utilize the technology, what role OIPTT/ISURF serves and what resources are available. It is a time for the entrepreneur to ask questions and become familiar with the process. Topics of discussion might include:
· The business concept of the entrepreneur and utilization of the technology in the business products and services.
· OIPTT/ISURF mission.
· The process to obtain rights to the technology and the agreements related to protecting the technology and obtaining rights (CDA, MTA, Option, License, other)
· The patent prosecution process.
· University policies and guidelines and issues related to conflict of interest, including the process of negotiation when a university employee is the entrepreneur.
· Ensure that there are no overlaps with any other existing or planned commitments to third parties (research, consulting, and other).
· Begin the development of a plan to determine the extent of the use of University resources, personnel, services, and space to enhance the technology for the company.
University Resources Available to the Entrepreneur
The following assistance may be available to entrepreneurs:
· ISURF development funds may be available to the inventor’s lab to further develop the technology.
· ISURF referrals to legal, technical, business or management consultants. ISURF may pay up to $5,000 for legal consultation on intellectual property matters.
· Campus space and equipment for your business’ use: ISU Research Park, ISU Incubator, ISU Co-lab, and renting campus lab space.
· Pappajohn Entrepreneurship Center develops business plans and strategies for companies.
· IPRT Company Assistance Program provides matching funds for product development.
· OIPTT assists companies with SBIR and STTR applications.
· For more information, go to: www.industry.iastate.edu