What can be commercialised based on products with Intellectual Property (IP)?_Part 2 by UTIM

Commercialization of Intellectual Property 

Why do we have to commercialize?

1. Benefit for others
2. Income generation
3. Create employment opportunity (spin-off company – syarikat hiliran)
4. Experience for business and networking

What should you do before commercialization?

1. Get Intellectual Property first
2. Marketability (have to do market survey first)
3. Know about commercial acts

Note: Make sure that whatever you commercialize would be based on your expertise.  For example, if you have a cosmetic product but your expertise is in educational psychology, you can file for IP but it won’t be counted in MyRA.

But let’s say you have a module but Penerbit UTM does not want to publish it, you can copyright it first under InnoComm and then print it yourself and register your training in UTIM.  So, you can use your module for every single training that you do and then even though Penerbit UTM does not hold the copyright, yet you can still commercialize it under UTIM.  In this case, you commercialise your service and product i.e. module.