Technology Transfer

Technology transfer is the process by which academic institutions commercialize their research and development (R&D) to bring innovative products, including healthcare technologies, to market. This process helps translate cutting-edge scientific discoveries into practical solutions for real-world problems, leading to advances in healthcare and improved patient outcomes. 

The ASSESS Project provides rapid access to experts in health technology assessment. It facilitates early advice on the technology value proposition, considering how it is likely to be considered by those intended to pay for and use the technology, to inform technology transfer professionals and innovators on:

1. Technology commercial potential

2. Evidence requirements, including time and cost to market, given likely reimbursement pathways

The service provides objective assessment of the commercial potential of technologies, saving university technology transfer offices (TTOs) time, money, and resources while mitigating risks associated with investing in technology that may not be commercially viable or successful in attracting commercial partners. The project serves to support two critical functions for technology transfer offices, due diligence and third party evaluation to facilitate discussions with investors and partners.

Utilization of The ASSESS Project by TTOs conducting assessment of healthcare technology commercial potential and attractiveness can offer a number of benefits:

1. Access to Specialized Expertise: TTOs gain access to specialized expertise that they may not have in-house, that can provide insights that may not be available.

2. Objective Assessment: An independent third party can provide a more objective assessment of the technology's commercial potential, free from any internal biases or conflicts of interest.

3. Efficient Use of Resources: Conducting an assessment can be a time-consuming process that requires specialized knowledge and expertise. By outsourcing this task, the TTO can focus on other core activities, such as commercial partner identification, and allocate resources more efficiently.

4. Risk Mitigation: An independent assessment by a third party can provide the TTO with a more objective view of the technology's commercial potential, and help to mitigate the risks associated with investing in technology that may not be commercially successful.

5. Increased Licensing Opportunities: Outsourcing the assessment to an objective , expert third party can help the university to attract new licensing partners, and increase the potential for successful licensing of the technology.

6. Cost Savings: The cost of outsourcing the assessment may be less than hiring additional staff or investing in specialized resources to conduct the assessment in-house.

7. Faster Time to Licensing: Outsourcing the assessment to a rapid review service can help to accelerate the commercialization process, and result in the establishment of licensing deals more quickly and efficiently.

The ASSESS Project offers services to TTOs with a per-project or annual fee payment model. Individual projects may be requested via The ASSESS Platform.

Contact The ASSESS Project to learn more.