The Hebrew University's technology transfer office
is the organ designated to translate the university's intellectual property into practical applications. Navigating the innovation from drawing board through to final licensing requires the careful attention of experts in patent law, patent researchers, and professionals who study the literature to ensure that information used for this innovation is new, not readily available to the public, and thus eligible for a license. While faculty members, researchers and students are busy with the scientific parameters of their R & D, the professionals at Yissum's technology transfer office engage in identifying the best objectives for development, forming strategic partnerships, and considering the option of creating a start-up which would be a pure-play company.
The intricate process of patent research, licensing, protecting and marketing innovations is best handled by the experts at the Yissum technology transfer office. The Hebrew University's research, marketing and finance bodies are separate from one another for a very good reason. Although each field requires completely different types of expertise, by working in synergy through Yissum, the technology transfer office, each one makes its own vital contribution to the final phase when the innovation developed at the Hebrew University of Jerusalem becomes a profit-yielding product.
Located in a multicultural environment, the Hebrew University benefits from the blend of multiple viewpoints applied to the technological development processes. The technology transfer office at Yissum, the Hebrew University's applications company, enables the university's researchers to concentrate on their studies while the professionals take over the commercialization process. Experts decide on the best entrepreneurial strategy and then advise on the structure of the commercial entity. Financing through strategic partnerships is the next step. Top-level negotiating skills are a must for the technology transfer office, as Yissum deals with private industry as well as government, local and global agencies.