According to the IU Research & Technology Corp. (IURTC), a not-for-profit agency that assists IU faculty and researchers in realizing the commercial potential of their discoveries, invention disclosures have nearly doubled from 131 in FY 2009 to 230 in FY 2012.
An invention disclosure is an important part of the discovery process and is the first step toward developing a commercialization and licensing strategy. All IU faculty and researchers must complete an invention disclosure for any invention created or discovery realized through the use of university funds, equipment and/or facilities. Once the discovery or invention is publicly disclosed, faculty and researchers have one year to file a patent in the United States. Public disclosures include publishing journal articles or information on the Internet, giving presentations and interviews, or submitting nonconfidential grant applications.
Read about some of the invention disclosures that have come through the IURTC over the years, or listen to an Inside Indiana Business interview with Marie Kerbeshian, vice president of technology commercialization for IURTC.