Georgia Institute of Technology

The Georgia Institute of Technology has revised its policy thrice since 1991.

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

Georgia Institute of Technology Faculty Handbook (2002)

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 $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%

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:

	Next $500K	$501-1,000K	> $1,000K
Inventor	33%	33%	33%
Unit	17%	27%	33%
GTRC	50%	40%	34%

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.

Relevant Links

• Georgia Institute of Technology Tech Transfer Office
• Georgia Institute of Technology Faculty Handbook (2002)
• Georgia Insitute of Technology IP Policy (1998)
• Georgia Insitute of Technology Patents Policy (1991)