In general, developing a new idea and putting it into practice can be referred to as ‘innovation’.  The new idea can be a completely novel invention or discovery from research, or a new combination of existing technologies.  If this new idea meets a specific need in the market-place, then that idea has potential commercial value.  Commercialisation is the process of bringing a valuable new idea to current or potential customers as a new or improved product, service or system.  The outcome of commercialisation is value for the invention owners in terms of financial income and for customers, the value comes as the fulfillment of a specific need.

If you have discovered or invented something new from your research that has potential commercial value, then RICCH will support you along the process commercialiastion.

Your invention, discovery or new combination of technologies is your intellectual property (IP).  It is an asset, like a house or car.  In order to secure the maximum value from your IP, it is important that it be protected, so that no one else can use the IP and gain from it without your prior approval. This excusive right to the IP is for you and all the other co-owners of the IP.  However, this right, must be secured through legal means.

DON'T PUBLISH BEFORE PROTECTING YOUR WORK!

If you have discovered something novel, it is important that you do not share the information in the public domain.  For example, do not share the details through lectures, publications, discussions with potential customers, manufacturers, research organisations, grant funding agencies and such like.  This is to protect the IP for the owners.  You must disclose the invention to the Univeristy first.
   


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