- The document discusses the process used by technology transfer offices (TTOs) to assess new ideas and determine their commercial potential and path to market. - TTOs evaluate ideas from technical, legal, and business perspectives, and conduct thorough market research to investigate market potential and advise on commercialization strategy. - Most ideas (90%) fall into a "grey zone" where the appropriate intellectual property (IP) strategy and whether to pursue licensing or spinning out a new company need to be determined based on market factors. - Close integration between the TTO teams assessing ideas and the commercial services team engaging with industry is crucial to take a market-led approach and help ideas reach their commercial potential.