What to Expect When Licensing a Penn State Technology into a Start-Up Company?
Forming a company is a demanding and challenging undertaking requiring a significant commitment of both time and money. While forming a company can be a positive and rewarding experience, it is not for everyone. If you are considering becoming involved in a start-up company, please review this document carefully and then schedule a meeting with the Intellectual Property Office to discuss the process. • The Penn State Intellectual Property Office (IPO) negotiates license and option agreements on behalf of the Penn State Research Foundation (PSRF), which is responsible for administering the financial and business aspects of technology transfer for Penn State University. • Faculty are required to be highly cognizant of, and address any conflict of interest issues that arise due to their involvement in companies, and to be particularly sensitive to issues surrounding human effects inventions. Strict compliance with the conflict of interest policies delineated in the following is essential:
