Difference between revisions of "Georgia Institute of Technology"

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(Policy Excerpts)
 
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Little blurb about what we know.
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The Georgia Institute of Technology has revised its policy in 1998 and 2002. It is unclear when the 1998 policy went into effect.
  
 
== Summary ==
 
== Summary ==
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== Policy Excerpts ==
 
== Policy Excerpts ==
  
=== 2002 Policy ===
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=== Current Policy ===
  
''The first Two Thousand Five Hundred Dollars ($2,500) of gross income derived
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[https://web.archive.org/web/20190804160005/http://universitypatentdata.com/images/a/a9/2002_GeorgiaTech.pdf Georgia Institute of Technology Faculty Handbook (2002)]
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: Inventor 33%, Unit 17%, and GTRC 50%
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''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:
  
''$501 K - $1,000 K: Inventor 33%, Unit 27%, GTRC 40%
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{| class="wikitable"
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|-
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!  !! ''Next $500K'' !! ''$501-1,000K'' !! ''> $1,000K''
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|-
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| ''Inventor'' || ''33%'' || ''33%'' || ''33%''
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|-
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| ''Unit'' || ''17%'' || ''27%'' || ''33%''
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|-
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| ''GTRC'' || ''50%'' || ''40%'' || ''34%''
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|}
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=== 1998 Policy ===
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[https://web.archive.org/web/19990503110056/http://www.academic.gatech.edu:80/handbook/Section6/Intellectual.html Georgia Insitute of Technology IP Policy (1998)]
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''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:
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{| class="wikitable"
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|-
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!  !! ''Next $100K'' !! ''$101-500K'' !! ''$501-1,000K'' !! ''Over $1 Million''
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|-
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| ''Inventor'' || ''30%'' || ''25%'' || ''20%'' || ''10%''
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|-
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| ''Reinvest'' || ''15%'' || ''15%'' || ''15%'' || ''20%''
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|-
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| ''Development Fund'' || ''5%'' || ''20%'' || ''35%'' || ''50%''
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|-
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| ''GTRC'' || ''50%'' || ''40%'' || ''30%'' || ''20%''
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|}
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=== Pre-1998 Policy ===
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[https://web.archive.org/web/19961221070512/http://www.gatech.edu:80/handbook/Section6/Patent.html Georgia Insitute of Technology Patents Policy (1996)]
  
''>$1,000 K: Inventor 33%, Unit 33%, GTRC 34%''
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''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 ==
 
== Relevant Links ==
 
*[https://web.archive.org/web/20190122201906/https://industry.gatech.edu/ Georgia Institute of Technology Tech Transfer Office]
 
*[https://web.archive.org/web/20190122201906/https://industry.gatech.edu/ Georgia Institute of Technology Tech Transfer Office]
*[ 1991 Patent Policy]
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*[https://web.archive.org/web/20190804160005/http://universitypatentdata.com/images/a/a9/2002_GeorgiaTech.pdf Georgia Institute of Technology Faculty Handbook (2002)]
*[ 1998 Patent Policy]
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*[https://web.archive.org/web/19990503110056/http://www.academic.gatech.edu:80/handbook/Section6/Intellectual.html Georgia Insitute of Technology IP Policy (1998)]
*[http://universitypatentdata.com/images/a/a9/2002_GeorgiaTech.pdf 2002 Patent Policy]
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*[https://web.archive.org/web/19961221070512/http://www.gatech.edu:80/handbook/Section6/Patent.html Georgia Insitute of Technology Patents Policy (1996)]

Latest revision as of 21:00, 29 August 2019

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