Difference between revisions of "Iowa State University"
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| − | + | Iowa State University has maintained its patent policy since 1992. Creators receive 33% of the share up to $1,000,000 and then receive 15% of net revenues. | |
== Summary == | == Summary == | ||
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== Policy Excerpts == | == Policy Excerpts == | ||
| − | === | + | === Current Policy === |
| − | '' | + | [http://universitypatentdata.com/images/0/0e/1992_IowaState.pdf Iowa State Patent Royalty Distribution Policy] |
| + | |||
| + | ''1. All expenses directly related to the patent/license will be paid. | ||
| + | |||
| + | ''2. ISURF will retain 15% of the gross royalties on each patent to cover the general administrative costs | ||
| + | incurred by the office. | ||
| + | |||
| + | ''3. ISURF will pay the inventor(s) 1/3 of the net royalties: | ||
| + | Net royalties = [gross royalties – (costs + 15% gross royalties)]. | ||
| + | |||
| + | ''4. The college (or equivalent unit) that generated the patent will receive up to 1/3 of the net royalties | ||
| + | generated on a patent. | ||
| + | |||
| + | ''5. Any debts to the university will be paid before funds are invested or returned to the university for other | ||
| + | purposes. | ||
| + | |||
| + | ''6. Payments will be made annually by September 1 following the fiscal year ending June 30'' | ||
== Relevant Links == | == Relevant Links == | ||
| − | * | + | *[https://web.archive.org/web/20190124015508/https://www.techtransfer.iastate.edu/ Iowa State University Tech Transfer Office] |
| − | * | + | *[http://universitypatentdata.com/images/0/0e/1992_IowaState.pdf Iowa State Patent Royalty Distribution Policy] |
| − | |||
Latest revision as of 09:47, 4 August 2019
Iowa State University has maintained its patent policy since 1992. Creators receive 33% of the share up to $1,000,000 and then receive 15% of net revenues.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Iowa State University | 1992 | 2017 | Yes | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.15 | No | No |
Policy Excerpts
Current Policy
Iowa State Patent Royalty Distribution Policy
1. All expenses directly related to the patent/license will be paid.
2. ISURF will retain 15% of the gross royalties on each patent to cover the general administrative costs incurred by the office.
3. ISURF will pay the inventor(s) 1/3 of the net royalties: Net royalties = [gross royalties – (costs + 15% gross royalties)].
4. The college (or equivalent unit) that generated the patent will receive up to 1/3 of the net royalties generated on a patent.
5. Any debts to the university will be paid before funds are invested or returned to the university for other purposes.
6. Payments will be made annually by September 1 following the fiscal year ending June 30
