Most people have the misconception that in order to start a business you either need to have a million dollars or a million-dollar idea. The reality is that you don’t need to develop your own technology to start a tech-based business. NASA’s Technology Transfer University (T2U) program introduces students and fledgling entrepreneurs to the concept of licensing NASA technology to start a business. What does that really mean?
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Technology Transfer Insights From our Team of Experts
![FSU Classroom](/sites/default/files/styles/large/public/2022-05/FSU%20Class%20Crop.jpg?itok=M55M7Jq_)
![licensing ceremony](/sites/default/files/styles/large/public/2022-05/MicrosoftTeams-image.png?itok=gg44k9rV)
Exclusive vs. Non-Exclusive
So, what is the difference between an exclusive and a non-exclusive license agreement? There are several factors, but every company should consider four major differences: rights, costs, expectations, and public announcement.
![T2U Presentation](/sites/default/files/styles/large/public/2022-04/T2U_webinar_2021_web.png?itok=HD6ieBDR)
Innovation-led development is a crucial driver of economic growth, high-quality jobs, and rising standards of living. To succeed, a high-functioning innovation ecosystem must translate R&D activities into products and move technology commercialization into high-growth businesses. It is well known that federal labs play a key role in discovering and developing new ideas and new technologies; innovations that enable scientific advancements and impact the economy.
![aoviding mistakes](/sites/default/files/styles/large/public/2022-04/mistakes%20to%20avoid.jpg?itok=W_GH3O0q)
The NASA Technology Transfer program offers businesses the opportunity to license NASA-developed intellectual property (IP) for use in commercial industry. Each potential licensee must submit a license application to be considered for a license agreement. How does this process work and what potential issues should companies look out for during the application process? Let’s find out!
The typical process for licensing a technology from NASA involves 4 steps: