(MENAFN - The Peninsula) Qatar Foundation Research and Development (QF R&D) has created an Intellectual Property and Technology Transfer (IPTT) Office to manage, evaluate, protect and commercialise IP-related agreements at Qatar Foundation for Education, Science and Community Development.
The office follows the approval of an institution-wide IP policy by QF's Board of Directors.
Each research entity within QF will appoint an existing staff member to act as team liaison and represent the individual body's interests in decisions regarding the protection of IP produced by staff members.
Liaisons of each entity will work as part of 'Q-Teams' whose members will include an IP attorney, a specialist in assessing markets for IP and an IPTT commercialisation manager charged with the responsibility for the actual negotiation and licensing of QF IP.
The Q-team will provide recommendations on how or whether to protect the IP based on a review of its ability to be awarded a patent, its potential attractiveness in the market place and its strategic importance to QF and the entity from which it has come.
Dr Erik Stenehjem, Executive Director of IP and Technology Transfer, QF R&D, said: "Intellectual property and technology transfer are crucial toxtensive research efforts underway within QF.
"The new office seeks to centralise the movement of knowledge and discoveries to the general public and the marketplace. Typical of the best practices followed in managing and marketing IP, the new division has hired professionals with international experience in all aspects of IP management and technology transfer.
"They will work with staff of QF entities to collect and advise on their disclosures of inventions; manage the protection of their inventions and arrange for additional development, if necessary, to reduce them to practice; and, market, negotiate and license IP to appropriate firms that provide an opportunity to create value for Qatar. "Through the new office and throughout its activities, QF seeks to promote a culture of excellence in the state by advancing its role in supporting an innovative and open society through the development of sustainable human capacity, social, and economic prosperity." The office's processes and responsibilities for QF IP have been incorporated into procedure manuals and are available to view at www.qfrd.org/iptt. The office recently held a foundation-wide workshop to allow staff members to familiarise themselves with how IP will be managed at QF now and in the future.