According to the Office of the VP of Research and Innovation, "Commercialization refers to a broad set of activities that add value to a discovery by bridging the gap between an idea and the creation of a definable and marketable product or process." In other words, it's one way to take the research that faculty and students produce at the university and put it to use in the marketplace.
The university has policies and guidelines that pertain to student and faculty inventions and copyright, managed by the VPRI.
For more information, see the U of T Startup Guidebook or visit the Research and Innovation Office | Commercialization at U of T
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