The University of Pittsburgh and UPMC hope research technologies will make it to market much faster by way of a new commercialization agreement between the two institutions.
The key to the Pitt-UPMC partnership, announced Friday morning, is a pre-drafted commercialization agreement template that could eliminate weeks or even months of negotiation between researchers and the hospital system. It stipulates terms for licensing, royalty arrangements and equity in new companies, among other potential considerations.
