What we mean by research contracts?
Activities sponsored by -and conducted in collaboration with- companies or other research entities on projects of common interest; they can be applied research activities, services, consulting opportunities or dissemination programs.
How about the generated IP?
Generally speaking, IIT maintains the ownership of the intellectual property on the results of the projects and grants to the company a license (exclusive or non-exclusive), capable to put the company in a solid position for downstream commercialization phase.
What is the typical length of a collaboration?
In case of a feasibility study the collaboration lasts for, typically, 3/6 months whereas a contract research the typical length is 9/36 months.
How the costs are calculated?
Only incremental costs (direct costs and overheads) of the project are paid by the company since IIT is a no-profit foundation and therefore does not calculate any markup on the project.