Commercialising Social Science
The IAA commercialisation team is here to help you translate research 'value' into practice by supporting you to develop products or services in the marketplace, which solve real-world problems and deliver sustainable impact.
What is Commercialisation?
According to the UKRI, commercialisation of research is “the process by which new or improved technologies, products, processes, and services are brought to market. It requires an intent and mindset to develop and apply an idea to a real problem or unmet need, and to successfully progress along the technical and/or commercial readiness pathway towards it being sold on the market.”
There are several main pathways to Commercialising university research and knowledge:
Licensing: grant a time-limited licence to a third party to sell your product/service for a fee or royalty.
Consultancy: give your expert advice to a company or organisation for a fee. This can include training programmes that arise from your specialist knowledge or research.
Spin-Out Company: create a new company to sell your product or service directly. This can also include non-profit social enterprise companies.