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Intellectual Property Rights from Publicly Financed Research and Development Act, 2008 (Act No. 51 of 2008)

7. Functions of office of technology transfer

 

1) The functions of an office of technology transfer must be performed by appropriately qualified personnel whom, when considered collectively, has interdisciplinary knowledge, qualifications and expertise in the identification, protection, management and commercialisation of intellectual property and in intellectual property transactions.

 

2) An office of technology transfer must, in respect of publicly financed research and development –
a) develop and implement, on behalf of the institution or region, policies for disclosure, identification, protection, development, commercialisation and benefit-sharing arrangements;
b) receive disclosures of potential intellectual property emanating from publicly financed research and development;
c) analyse the disclosures for any commercial potential, the likely success of such commercialisation, the existence and form of the intellectual property rights, the stage of development thereof and the appropriate form for protecting those rights;
d) attend to all aspects of statutory protection of the intellectual property;
e) refer disclosures to NlPMO on behalf of an institution;
f) attend to all aspects of intellectual property transactions and the commercialisation of the intellectual property;
g) conduct evaluations on the scope of statutory protection of the intellectual property in all geographic territories subject to commercialisation potential of the intellectual property; and
h) liaise with NIPMO as provided for in this Act.