Difference between revisions of "Iowa State University"
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| − | Iowa State University has maintained its patent policy since | + | 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. |
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== Summary == | == Summary == | ||
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=== Current Policy === | === Current Policy === | ||
| − | [http://universitypatentdata.com/images/0/0e/1992_IowaState.pdf | + | [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. | ''1. All expenses directly related to the patent/license will be paid. | ||
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== Relevant Links == | == Relevant Links == | ||
*[https://web.archive.org/web/20190124015508/https://www.techtransfer.iastate.edu/ Iowa State University Tech Transfer Office] | *[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 | + | *[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
