La Trobe has signed up to the innovative Easy Access IP (EAIP) network and has made available Intellectual Property that can be translated and licensed to the private sector using quick, simple and transparent agreements.
The network aims to remove the barrier that prevents so much beneficial University research from being utilised by other industries.
La Trobe University technologies currently listed on EAIP include:
- Plant-based capsules to treat obesity and hypertension
- Bioactive stem cell therapies for currently incurable diseases including diabetes, heart failure, spinal damage and more
- Mobile-phone based biosensors.
La Trobe Deputy Vice-Chancellor and Vice-President (Research) Professor Keith Nugent said for researchers, the benefits of EAIP included building positive, long-term relationships with industry partners that would lead to further consulting work, contracts and other research collaborations.
"There are too many ideas locked away in universities that should be given the potential to be developed," Professor Nugent said.
"La Trobe University is sending a clear
message to Australian industries – we have ideas to share and we're open for
"So much of what we do at the University is to benefit the wider community. This network is a vital resource because it allows knowledge we have created to actually be put to use to assist industry and society."
The EAIP system works by sorting technologies into high commercial value (based on a nominal overall value estimated to exceed $1 million) and lower commercial value.
Companies need to obtain a licence to access EAIP and also must:
- Demonstrate how they will create value for society and the economy
- Acknowledge the University (researchers) as the originator of the intellectual property
- Report annually on the progress on the development of the Easy Access IP
- Agree that if the IP is not exploited within three years, the licence will be revoked
- Agree that there will be no limitations on the University's use of the IP for its own research.
La Trobe is one of seven universities Australia-wide to sign on to the network.
Leah Humphrys, Media and Communications Officer
T + 61 3 9479 5353 E firstname.lastname@example.org