Such initiatives can be of significant mutual benefits to NJIT, the employee, the commercial entity, the general public, and the State of New Jersey. However, involvement of an NJIT employee with a commercial enterprise may create the possibility for conflicts of interest that should be resolved through proper review at the institutional level on a case-by-case basis.
Process for Request for Approval of a Commercial Enterprise
NJIT employees who are seeking to license and commercialize NJIT patents and intellectual property must complete, sign and submit Request for Approval for Development of a Commercial Enterprise Form (“Request Form”) prior to the development of a commercial enterprise and/or start-up company. Please answer all questions accurately and completely.