Difference between revisions of "Washington State University"
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''In adopting this policy statement the Washington State University Board of Regents recommended and the Board of Directors of the Washington State University Research Foundation adopted the following policy for distribution of royalties from patents:'' | ''In adopting this policy statement the Washington State University Board of Regents recommended and the Board of Directors of the Washington State University Research Foundation adopted the following policy for distribution of royalties from patents:'' | ||
Revision as of 11:05, 21 February 2019
Little blurb about what we know.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Washington State University | 1991 | 2000 | No | 1.00 | 0.45 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.225 | No | No |
| Washington State University | 2001 | 2015 | No | 1.00 | 0.50 | 0.50 | 0.38 | 0.25 | 0.25 | 0.25 | 0.2 | No | No |
Policy Excerpts
1992 Policy Excerpt
In adopting this policy statement the Washington State University Board of Regents recommended and the Board of Directors of the Washington State University Research Foundation adopted the following policy for distribution of royalties from patents:
Following the filing of a patent application on a particular invention which has been determined to be University property, the inventor will receive a $500 payment from the WSURF. If the invention is determined to be owned jointly by the employee and the University or by the employee, the University and one or more external agencies, unless the parties agree otherwise, the inventor shall receive a sum equal to $500 multiplied by the percentage of the University's interest. Where several employees are responsible for the invention, the payment shall be shared among the coinventors.
Net royalty income received by WSURF shall be defined as one or the other of the following: (1) in the case of property administered by an agency other than the WSURF (such as the Battelle Development Corporation, Research Corporation, or Washington Research Foundation) the sum received that is subject to this policy less a 5% administrative charge to be retained by WSURF; or (2) in the case of property administered by WSURF, the amount received that is subject to this policy less a 40% administrative charge to be retained by WSURF.
Net royalty income received by WSURF shall be distributed according to the following schedule:
| Cumulative Net Income | Inventor | WSU Research Foundation | Unit (e.g., Department) |
|---|---|---|---|
| $1 - $10,000 | 100% | 0% | 0% |
| $10,001 - $40,000 | 50% | 20% | 30% |
| Above $40,000 | 50% | 35% | 35% |
In the case of multiple inventors, the cumulative net royalty income shall be distributed equally among them unless their initial disclosure specified an unequal distribution.
Royalty income allocated to inventors goes directly to them as personal income.
Relevant Links
- Link to Archive.org version of the TTO page
- Link to policy related to Policy Excerpt #1
- Link to policy related to Policy Excerpt #2
