The mission of the Technology Transfer is "To assist and lead the successful commercialization of ideas created by people".

The technology transfer process normally begins when an inventor submits an invention disclosure to Romvector. Every incoming invention disclosure is assigned to a Romvector case manager who is responsible for the invention through its life cycle. In "Step I" of the process, the case manager meets with the inventors, in order to understand the invention and also to hear what the inventor wants to do with the invention. The case manager also checks rights and ownership in the invention.

The case manager evaluates the strength of the invention in each of specific areas in parallel, with information from each evaluative area impacting on the case manager's decisions on how to proceed. The most important assessment area is that of "Commercial Merit"-since only the ideas with the most commercial potential will be carried forward.

If a "not pursue" decision is reached, the case manager informs the inventor(s). If the inventor(s) requests the invention be released to them, provided that any contracts funding the work do not prohibit such a release. If the evaluation of commercial potential is very strong, and there are no technical or legal issues blocking commercialization, the inventor will carry forward the commercialization activity of the invention. This is the beginning of Step II.

In Step II, Romvector makes strategic decisions regarding patenting and other legal protection, such as trademarking, as appropriate. Although patenting every unique idea is appealing from an academic perspective, it is not necessarily the best use of limited resources from a business perspective.

As experts in their fields, inventors usually have good insights into the market scope, potential, and niches where their invention would be in great demand. Ideally, the inventor(s) works with the case manager in order to help identify these potential markets. The case manager then researches and contacts possible licensees. The feasibility of a start-up company may also be considered.

Once the case manager has identified interested potential licensees, he/she begins the process of negotiating license terms that provide fair return for the inventor, while protecting the rights and ownership for all involved. Licenses can vary greatly in nature, as can the consideration received for a license. An exclusive license generally costs more than a non-exclusive. A license can be limited in scope or very broad in terms of the field of use. A license term can be just a few years, or can be in effect for the life of the patents. In all cases, the inventors retains the right to continue to conduct research in the field of the technology which is the subject of the license.

Once an invention is licensed, it moves into next Step. In Step III, the intellectual property protection is maintained and the relations with the licensee are kept current, including collecting and distribution of royalty payments..