Difference between revisions of "Georgia Institute of Technology"
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=== 1998 Policy === | === 1998 Policy === | ||
| − | [http:// | + | [https://web.archive.org/web/19990503110056/http://www.academic.gatech.edu:80/handbook/Section6/Intellectual.html Georgia Insitute of Technology IP Policy (1998)] |
| − | ''The first Two Thousand Five Hundred Dollars ($2,500.00) of gross income derived from the commercialization of any intellectual property other than | + | ''The first Two Thousand Five Hundred Dollars ($2,500.00) of gross income derived from the commercialization of any intellectual property other than video tapes/multimedia material shall be paid to the inventors/developers. Thereafter, the net income shall be distributed as follows: |
| − | ''Next $100K | + | {| class="wikitable" |
| + | |- | ||
| + | ! !! ''Inventor'' !! ''Next $100K'' !! ''$101-500K'' !! ''$501-1,000K'' !! ''Over $1 Million'' | ||
| + | |- | ||
| + | | ''Inventor'' || ''30%'' || ''25%'' || ''20%'' || ''10%'' | ||
| + | |- | ||
| + | | ''Reinvest'' || ''15%'' || ''15%'' || ''15%'' || ''20%'' | ||
| + | |- | ||
| + | | ''Development Fund'' || ''5%'' || ''20%'' || ''35%'' || ''50%'' | ||
| + | |- | ||
| + | | ''GTRC'' || ''50%'' || ''40%'' || ''30%'' || ''20%'' | ||
| + | |} | ||
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=== 1991 Policy === | === 1991 Policy === | ||
| − | [http:// | + | [https://web.archive.org/web/19961221070512/http://www.gatech.edu:80/handbook/Section6/Patent.html Georgia Insitute of Technology Patents Policy (1991)] |
| − | ''If the Institute receives a patent, negotiates a license agreement, or otherwise exploits the invention, the first $1,000.00 in income | + | ''If the Institute receives a patent, negotiates a license agreement, or otherwise exploits the invention, the first $1,000.00 in income to the Institute generated from the invention shall be paid to (or divided among) the inventor(s). Thereafter, the inventor(s) shall receive fifty percent (50%) of net revenues received by the Institute from exploitation of the invention. "Net revenues" is defined as gross revenues less any expenditures borne by Georgia Tech Research Corporation (GTRC) and/or the Georgia Institute of Technology for research resulting in such inventions, as well as any expenses incurred in securing letters patent or effecting a license agreement, and the development and administration thereof, and/or any and all expenditures incurred by GTRC in contemplation of or in any litigation or controversy between parties involving rights under any such inventions.'' |
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== Relevant Links == | == Relevant Links == | ||
*[https://web.archive.org/web/20190122201906/https://industry.gatech.edu/ Georgia Institute of Technology Tech Transfer Office] | *[https://web.archive.org/web/20190122201906/https://industry.gatech.edu/ Georgia Institute of Technology Tech Transfer Office] | ||
| − | *[ | + | *[https://web.archive.org/web/19990503110056/http://www.academic.gatech.edu:80/handbook/Section6/Intellectual.html Georgia Insitute of Technology IP Policy (1998)] |
| − | + | *[https://web.archive.org/web/19961221070512/http://www.gatech.edu:80/handbook/Section6/Patent.html Georgia Insitute of Technology Patents Policy (1991)] | |
| − | *[http:// | ||
Revision as of 08:59, 4 August 2019
The Georgia Institute of Technology has revised its policy thrice since 1991.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Georgia Institute of Technology | 1991 | 1997 | No | 0.55 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0 | No | Yes |
| Georgia Institute of Technology | 1998 | 2001 | No | 0.48 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0 | No | Yes |
| Georgia Institute of Technology | 2002 | 2017 | No | 0.50 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | Yes |
Policy Excerpts
Current Policy
The first Two Thousand Five Hundred Dollars ($2,500) of gross income derived from the commercialization of any intellectual property other than video tapes/multimedia material shall be paid to the inventors/developers. Thereafter, the net income, computed on cumulative basis, shall be distributed as follows:
Next $500K: Inventor 33%, Unit 17%, and GTRC 50%
$501 K - $1,000 K: Inventor 33%, Unit 27%, GTRC 40%
>$1,000 K: Inventor 33%, Unit 33%, GTRC 34%
1998 Policy
Georgia Insitute of Technology IP Policy (1998)
The first Two Thousand Five Hundred Dollars ($2,500.00) of gross income derived from the commercialization of any intellectual property other than video tapes/multimedia material shall be paid to the inventors/developers. Thereafter, the net income shall be distributed as follows:
| Inventor | Next $100K | $101-500K | $501-1,000K | Over $1 Million | |
|---|---|---|---|---|---|
| Inventor | 30% | 25% | 20% | 10% | |
| Reinvest | 15% | 15% | 15% | 20% | |
| Development Fund | 5% | 20% | 35% | 50% | |
| GTRC | 50% | 40% | 30% | 20% |
1991 Policy
Georgia Insitute of Technology Patents Policy (1991)
If the Institute receives a patent, negotiates a license agreement, or otherwise exploits the invention, the first $1,000.00 in income to the Institute generated from the invention shall be paid to (or divided among) the inventor(s). Thereafter, the inventor(s) shall receive fifty percent (50%) of net revenues received by the Institute from exploitation of the invention. "Net revenues" is defined as gross revenues less any expenditures borne by Georgia Tech Research Corporation (GTRC) and/or the Georgia Institute of Technology for research resulting in such inventions, as well as any expenses incurred in securing letters patent or effecting a license agreement, and the development and administration thereof, and/or any and all expenditures incurred by GTRC in contemplation of or in any litigation or controversy between parties involving rights under any such inventions.
