Difference between revisions of "Medical University of South Carolina"

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Little blurb about what we know.
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The Medical University of South Carolina has had 3 iterations of its patent policy. The most recent modification occurred in 2017.
  
 
== Summary ==
 
== Summary ==
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== Policy Excerpts ==
 
== Policy Excerpts ==
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=== Current Policy ===
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[http://universitypatentdata.com/images/d/d4/2017_MedSouthCarolina.pdf 2017 Policy]
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''"Net Proceeds" means the net amount received by MUSC or its designee from the sale, licensing or other disposition of any Intellectual Property, initially owned, pursuant to this policy, in whole or in part by MUSC, after deduction of all costs reasonably attributable to the protection and distribution of such Intellectual Property, including a fifteen (15) percent 15% deduction from gross income for administration expenses of the FRD, which shall be used to further the objectives
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and purpose of this Policy, and any reasonable expense of patent or copyright prosecution, maintenance, interference proceedings, litigation, marketing or other dissemination and licensing.''
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Distribution of Net Proceeds:
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{| class="wikitable"
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|-
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! Royalty ($) !! Inventor(s) !! Department(s) !! Lab(s) !! Angel Fund !! University !! College(s)
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|-
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| 1-$10,000 || 100% || 0% || 0% || 0% || 0% || 0%
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|-
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| > $10,000 || 40% || 10% || 15% || 10% || 20% || 5%
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|}
  
 
=== 2009 Policy ===
 
=== 2009 Policy ===
  
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''First $50,000: Inventor: 40%, Laboratory: 30%, Department: 10%, University: 15%, College(s): 0%
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[http://universitypatentdata.com/images/6/60/2009_MedSouthCarolina.pdf 2009 Policy]
  
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''$50,000 to $100,000: Inventor: 30%, Laboratory: 30%, Department: 10%, University: 20%, College(s): 5%
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''"Net Proceeds" means the net amount received by MUSC or its designee in each fiscal year from the sale, licensing or other disposition of any Intellectual Property, initially owned, pursuant to this policy, in whole or in part by MUSC, after deduction of all costs reasonably attributable to the protection and distribution of such Intellectual Property, including a fifteen (15) percent
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15% deduction from gross income for administration expenses of the technology transfer office (TTO), which shall be used to further the objectives and purpose of this Policy, and any reasonable expense of patent or copyright prosecution, maintenance, interference proceedings, litigation, marketing or other dissemination and licensing.''
  
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''Over $100,000: Inventor: 25%, Laboratory: 30%, Department: 10%, University: 25%, College(s): 5%''
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Patent Net Proceeds:
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{| class="wikitable"
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|-
 +
! Royalty ($) !! Inventor !! Lab(s) !! Department(s) !! University !! College(s)
 +
|-
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| First $50,000 || 40% || 30% || 10% || 15% || 0%
 +
|-
 +
| $50,000 to $100,000 || 30% || 30% || 10% || 20% || 5%
 +
|-
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| Over $100,000 || 25% || 30% || 10% || 25% || 5%
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|}
  
 
=== 1997 Policy ===
 
=== 1997 Policy ===
  
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''Net Proceeds University or Inventor's Royalty:
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[http://universitypatentdata.com/images/d/d9/1997_MedSouthCarolina.pdf 1997 Policy]
  
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''First $50,000: Inventor: 35%, Laboratory: 35%, Department: 15%, Account: 15%
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''"Net Proceeds" or "Annual Net Royalty" shall mean the net amount received by the University in each fiscal year from the sale, licensing or other disposition of any Intellectual Property, initially owned in whole or part by the University after deduction of all costs reasonably attributable to the protection and distribution of such Intellectual Property, including any reasonable expense of patent or copyright prosecution, maintenance, interference proceedings, litigation, marketing or other dissemination and licensing. The costs of protection and distribution shall be assessed at a rate of 15% on the first $200,000 of total, cumulative income plus any out-of-pocket expenses.
  
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''$50,000 to $100,000: Inventor: 30%, Laboratory: 30%, Department: 15%, Account: 25%
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Patent Net Proceeds:
  
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''Over $100,000: Inventor: 25%, Laboratory: 30%, Department: 15%, Account: 30%''
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{| class="wikitable"
 +
|-
 +
! Royalty ($) !! Inventor !! Laboratory !! Department !! Account
 +
|-
 +
| First $50,000 || 35% || 35% || 15% || 15%
 +
|-
 +
| $50,000 to $100,000 || 30% || 30% || 15% || 25%
 +
|-
 +
| Over $100,000 || 25% || 30% || 15% || 30%
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|}
  
 
== Relevant Links ==
 
== Relevant Links ==
 
*[https://web.archive.org/web/20190226143225/https://research.musc.edu/ Medical University of South Carolina Tech Transfer Office]
 
*[https://web.archive.org/web/20190226143225/https://research.musc.edu/ Medical University of South Carolina Tech Transfer Office]
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*[http://universitypatentdata.com/images/d/d9/1997_MedSouthCarolina.pdf 1997 Policy]
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*[http://universitypatentdata.com/images/d/d4/2017_MedSouthCarolina.pdf MUSC IP Policy (2017)]
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*[http://universitypatentdata.com/images/6/60/2009_MedSouthCarolina.pdf 2009 Policy]
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*[http://universitypatentdata.com/images/6/60/2009_MedSouthCarolina.pdf MUSC IP Policy (2009)]
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*[http://universitypatentdata.com/images/d/d9/1997_MedSouthCarolina.pdf MUSC IP Policy (1997)]

Latest revision as of 14:35, 28 August 2019

The Medical University of South Carolina has had 3 iterations of its patent policy. The most recent modification occurred in 2017.

Summary

Institution Start End Flat $0-10k $10-50k $50-100k $100-300k $300-500k $0.5-1M >$1M Fee Lab More
Medical University of South Carolina 1997 2008 No 0.35 0.35 0.30 0.25 0.25 0.25 0.25 0.15 Yes No
Medical University of South Carolina 2009 2016 No 0.40 0.40 0.30 0.25 0.25 0.25 0.25 0.15 Yes No
Medical University of South Carolina 2017 2018 No 1.00 0.40 0.40 0.40 0.40 0.40 0.40 0.15 Yes No

Policy Excerpts

Current Policy

2017 Policy

"Net Proceeds" means the net amount received by MUSC or its designee from the sale, licensing or other disposition of any Intellectual Property, initially owned, pursuant to this policy, in whole or in part by MUSC, after deduction of all costs reasonably attributable to the protection and distribution of such Intellectual Property, including a fifteen (15) percent 15% deduction from gross income for administration expenses of the FRD, which shall be used to further the objectives and purpose of this Policy, and any reasonable expense of patent or copyright prosecution, maintenance, interference proceedings, litigation, marketing or other dissemination and licensing.

Distribution of Net Proceeds:

Royalty ($) Inventor(s) Department(s) Lab(s) Angel Fund University College(s)
1-$10,000 100% 0% 0% 0% 0% 0%
> $10,000 40% 10% 15% 10% 20% 5%

2009 Policy

2009 Policy

"Net Proceeds" means the net amount received by MUSC or its designee in each fiscal year from the sale, licensing or other disposition of any Intellectual Property, initially owned, pursuant to this policy, in whole or in part by MUSC, after deduction of all costs reasonably attributable to the protection and distribution of such Intellectual Property, including a fifteen (15) percent 15% deduction from gross income for administration expenses of the technology transfer office (TTO), which shall be used to further the objectives and purpose of this Policy, and any reasonable expense of patent or copyright prosecution, maintenance, interference proceedings, litigation, marketing or other dissemination and licensing.

Patent Net Proceeds:

Royalty ($) Inventor Lab(s) Department(s) University College(s)
First $50,000 40% 30% 10% 15% 0%
$50,000 to $100,000 30% 30% 10% 20% 5%
Over $100,000 25% 30% 10% 25% 5%

1997 Policy

1997 Policy

"Net Proceeds" or "Annual Net Royalty" shall mean the net amount received by the University in each fiscal year from the sale, licensing or other disposition of any Intellectual Property, initially owned in whole or part by the University after deduction of all costs reasonably attributable to the protection and distribution of such Intellectual Property, including any reasonable expense of patent or copyright prosecution, maintenance, interference proceedings, litigation, marketing or other dissemination and licensing. The costs of protection and distribution shall be assessed at a rate of 15% on the first $200,000 of total, cumulative income plus any out-of-pocket expenses.

Patent Net Proceeds:

Royalty ($) Inventor Laboratory Department Account
First $50,000 35% 35% 15% 15%
$50,000 to $100,000 30% 30% 15% 25%
Over $100,000 25% 30% 15% 30%

Relevant Links

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