University of Massachusetts Amherst

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Starting New Companies

For UMass Faculty and Researchers

From patenting your technology to helping establish your new company, we serve as a resource to help get you started. We understand the unique challenges in launching a company, especially the financial challenges. We have tailored our approach to helping you start your new company by easing your initial financial burdens so that you can focus on developing your products and growing your business. 

A Low-Cost Option to Your Technology

To give you time to evaluate your markets and customer segments, and to further develop your technology, the TTO offers you a one-year, nominally priced, exclusive option to license your patent rights. During this option period, we allow you to defer your patent costs, freeing up capital that you can use in your initial business exploration and development. Once your start-up exercises the option, we offer guidance on navigating the licensing process and understanding contract terms.

Helpful Information:

         How to pick a good company name
         Taking an option to license IP rights from UMA
         What to expect in licensing from UMA