Licenses and Options
Sometimes, the best option to move a UofL technology from lab to market is to work with an industry partner. In those cases, a license or option allows the industry partner to use, develop and market our protected technologies.
Companies who license or option our technologies will pay a fee, plus a portion of any income related to sales of our technology. The latter are called royalties, and are shared with inventors. More information on policies on the distribution of licensing income is available here.
An industry partner can be important to the development and marketing of our technologies. Industry partners often bring scale, built-in networks, distribution and sales partners, and other infrastructure that can help accelerate the path of UofL's groundbreaking inventions to the marketplace, where they can improve and save lives.