If you have a business idea, a research result or a finding, which you think may have a commercial potential, we want you to contact Nord innovasjon AS for a discussion. In addition, we do our own search for ideas in relevant research projects and groups.
The further process is normally as follows:
Phase 1: Registration of idea
We receive an idea, and discuss this with the researcher. We perform a first evaluation of the idea, and may conclude that the idea qualify for the submission of a DOFI (Disclosure of Invention). We provide you with the DOFI form, and advice you regarding the filling. The DOFI should be sent to Nord innovasjon AS, and is valid when approved by Nord innovasjon AS and signed by both parties.
Phase 2: Valorisation of idea
The DOFI is the formal starting point for working with the idea. Nord innovasjon makes a more thorough assessment of the idea and judges Nord innovasjon’s further role in the project, on behalf of Nord University. The phase implies an assessment of technology readiness level, the technological potential, possible customer need, market, IPR possibilities, competing technology (including freedom to operate), development pattern and expected costs. If we decide to develop the idea, there will be made an agreement between the researcher/inventor and Nord innovasjon AS.
Phase 3: Proof of concept
The further development implies finishing the theoretical evaluation of the idea/technology, developing and execute an IPR strategy, assessing different business models and organizing the further work. We apply for financing that cover the further development, also covering the costs for IPR.
Phase 4: Verification
To make the idea ready for commercialization, it needs to be verified in respect to how the technology works in a larger scale, and in respect to market and customers’ willingness to pay. Furthermore, strategies are developed for sale, marketing, financing and possible external ownership/investors.
Phase 5: Commercialization
The development and realization of a plan for the transfer, either through establishing a new company (spin-off), a licensing agreement, or (in rare cases) selling the technology. We develop models that ensure that the researcher and other stakeholders get their share of the potential revenue from the invention.
Phase 6: Exit
Nord innovasjon AS provide support and follow up the license agreement or the start-up as long and as much as needed.