Difference between revisions of "Michigan Technological University"
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=== Current Policy === | === Current Policy === | ||
| − | [ | + | [https://web.archive.org/web/20190828225647/https://www.mtu.edu/faculty-handbook/faculty/chapter3/s3-3/334/ Current Policy] |
| − | + | An email from a representative at Michigan Technological University confirms that their current patent royalty sharing policy has been in place since at least 1982. | |
| − | '' | + | ''If the University receives any royalty and/or other income from the sale or licensing of any patent or other proprietary rights, it will provide, consistent with the other provisions of this policy, a share of any royalties and/or other income received by the University for the inventor or inventors, as follows: |
| − | University. | + | #''The initial $1,000 will be distributed to the inventor. |
| − | + | #''From $1,000 to $30,000 will be distributed 15% to the inventor and 85% to the University. | |
| − | '' | + | #''From $30,000 to $180,000 will be distributed equally among the University, the inventor, and the inventor's department/unit. |
| − | inventor, and the inventor's department/unit. | + | #''Any amounts over $180,000 will be distributed 1/3 to the inventor, 2/3 to the University. |
| − | + | #''Progression to the sharing ranges of subparagraphs d1-4 above will be on the basis of cumulative income received by the University over the life of any license agreement. | |
| − | '' | + | #''The subdivision of the distribution to multiple inventors is a matter of agreement between the inventors. If the inventors cannot agree, the University will make such distribution as it, in its sole discretion, determines.'' |
| − | University. | ||
| − | |||
| − | '' | ||
| − | of cumulative income received by the University over the life of any license | ||
| − | agreement. | ||
| − | |||
| − | '' | ||
| − | between the inventors. If the inventors cannot agree, the University will make such | ||
| − | distribution as it, in its sole discretion, determines.'' | ||
== Relevant Links == | == Relevant Links == | ||
*[https://web.archive.org/web/20190126085527/https://www.mtu.edu/research/administration/iie/ Michigan Technological University Tech Transfer Office] | *[https://web.archive.org/web/20190126085527/https://www.mtu.edu/research/administration/iie/ Michigan Technological University Tech Transfer Office] | ||
| − | *[ | + | *[https://web.archive.org/web/20190828225647/https://www.mtu.edu/faculty-handbook/faculty/chapter3/s3-3/334/ Michigan Technological University Patent Policy] |
Latest revision as of 15:59, 28 August 2019
Michigan Technological University has maintained the same patent policy since 1982.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michigan Technological University | 1982 | 2017 | No | 0.24 | 0.24 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | Yes |
Policy Excerpts
Current Policy
An email from a representative at Michigan Technological University confirms that their current patent royalty sharing policy has been in place since at least 1982.
If the University receives any royalty and/or other income from the sale or licensing of any patent or other proprietary rights, it will provide, consistent with the other provisions of this policy, a share of any royalties and/or other income received by the University for the inventor or inventors, as follows:
- The initial $1,000 will be distributed to the inventor.
- From $1,000 to $30,000 will be distributed 15% to the inventor and 85% to the University.
- From $30,000 to $180,000 will be distributed equally among the University, the inventor, and the inventor's department/unit.
- Any amounts over $180,000 will be distributed 1/3 to the inventor, 2/3 to the University.
- Progression to the sharing ranges of subparagraphs d1-4 above will be on the basis of cumulative income received by the University over the life of any license agreement.
- The subdivision of the distribution to multiple inventors is a matter of agreement between the inventors. If the inventors cannot agree, the University will make such distribution as it, in its sole discretion, determines.
