The University can give the right or license, either exclusive or not, regarding the intellectual property protection for a certain amount of duration, or any related matter regarding technology transfer besides protecting the right priority and right of the University. The minimum amount to fall under the commercialiSation category is RM 20,000.
Commercialization can be in the following forms:
- Licensing (for innovation with intellectual property protection). The minimum amount for this category is RM 10,000 and can be done through a) Exclusive license and b) non-exclusive license.
- Surrendering of rights. UNIMAS can surrender the rights fully to a certain party through direct sell to the party. However, the surrendering of partial rights is also allowed for example to certain geographical locations or applications.
Technology transfer. UNIMAs can transfer the technology to a certain party with reasonable compensation and not limited to monetary terms.
Licensing is the right to exploit the intellectual property given to certain party. The minimum amount to fall under this category is RM 10,000.
- Exclusive license. UNIMAS Innovation transfer the rights to exploit the intellectual property to the license holder. This means UNIMAS give up the right to exploit the intellectual property or giving the right to subsequent licensing to certain party. However, UNIMAs still retains the rights to usage, doing subsequent research and development or exploitation of the intellectual property for non-commercial purpose.
- Non-exclusive license. UNIMAS can give the right to exploit the intellectual property to one or more party. In this type of licensing, UNIMAS can have the rights to sub-license to the license holders.