Georgia Institute of Technology

The Georgia Institute of Technology has revised its policy in 1998 and 2002. It is unclear when the 1998 policy went into effect.

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

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 $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%

Pre-1998 Policy

Georgia Insitute of Technology Patents Policy (1996)

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 (1996)