The Journal of Technology Transfer

, Volume 12, Issue 1, pp 39–49 | Cite as

The contributions of invention management companies to technology transfer

  • Francis W. Wolek
Article

Abstract

A new type of organization which is explicitly dedicated to technology transfer has emerged in the United States: Companies which manage inventions produced by universities, independent inventors and other creative groups. This paper shows that these “Invention Management Companies” (IMCs) make important and unique contributions to technology transfer on legal issues (e.g., guarding against patent infringements), marketing (e.g., convincing a company to commercialize au invention) and advocating the invention against the organized opposition of established technologies. Given the contributions of IMCs to an emerging system for encouraging innovation (an “Inventive Society”), the paper recommends broadening the role of IMCs as information providers and linking them to incubators and venture capital companies.

Keywords

United States Economic Growth Marketing Technology Transfer Venture Capital 

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Copyright information

© Technology Transfer Society 1987

Authors and Affiliations

  • Francis W. Wolek
    • 1
  1. 1.Villanova UniversityVillanova

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