Technology is typically transferred through an agreement in which MIT grants to a third party a license to use MIT’s intellectual property rights in the defined technology, sometimes for a particular field of use and/or region of the world. Such a grant may be exclusive or non-exclusive. The licensee (the third party licensing the technology) may be an established company or a new business startup. Licenses include terms that require the licensee to meet certain performance requirements and to make financial payments to MIT. These payments are shared with the inventors and also distributed to departments and research centers to provide support for further research, education and participation in the technology transfer process.
Please refer to the pages in this section for more detailed explanations of the steps in tech transfer process. An Inventors Guide to Technology Transfer is another helpful resource.