Explore the importance of patents and commercialization for scientists in this 34-minute presentation by Steve Ferguson, part of the NIH Clinical and Translational Research Summer Course. Gain insights into technology transfer, intellectual property commercialization, and the role of scientists in these processes. Learn about key questions to consider in IP commercialization, the journey from lab bench to customer, and how commercialization supports institutional missions. Discover the realities of potential financial gains for scientists and institutions through IP commercialization. Understand the basic obligations of scientists in the commercialization process and the importance of balancing various factors. This lecture provides valuable knowledge for researchers interested in translating their scientific discoveries into real-world applications.