Difference between revisions of "University of Iowa"
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| − | + | An email from a representative of the University of Iowa stated that the school has had two iterations of its policy on patent royalty distribution. The most recent policy was adopted in 2005. | |
== Summary == | == Summary == | ||
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== Policy Excerpts == | == Policy Excerpts == | ||
| − | === | + | === 2005 Policy === |
| + | [https://web.archive.org/web/20190121201900/https://opsmanual.uiowa.edu/administrative-financial-and-facilities-policies/university-iowa-intellectual-property-policy University of Iowa IP Policy] | ||
| − | '' | + | ''The UIRF shall receive all payments due under a license and shall distribute such earnings under the terms of this policy within 45 days from the end of the quarter in which the earnings were received. Prior to any distribution, the UIRF shall recover any out-of-pocket expenses incurred in applying for the licensed patent(s), maintaining the licensed patents(s), defending the licensed patent(s), and marketing the invention to potential licensees. Also prior to any distribution under this policy, the UIRF shall make any payments to others required by agreements, including but not limited to interinstitutional agreements for the management of jointly owned patents. Gross UIRF earnings, less its out-of-pocket expenses, less payments required to others, are designated as "distributable income." Distributable income shall be allocated as follows: |
| + | |||
| + | ''The first $100,000 of distributable, cumulative income earned under a single license will go to the inventor(s). | ||
| + | |||
| + | ''After the first $100,000 is distributed to the inventor(s), any further distributable income will be allocated as follows unless income in any fiscal year triggers the conditions of V-30.3b(7)(c) below: | ||
| + | * ''25% of distributable income to inventor(s) | ||
| + | * ''25% of distributable income to the UIRF | ||
| + | * ''20% of distributable income to an institutional "research enrichment fund" (REF) administered on a discretionary basis by the University of Iowa Vice President for Research and Economic Development | ||
| + | * ''15% of distributable income to the department (or, in the absence of a department, the comparable center/institute/unit) from which the invention arose | ||
| + | * ''15% of distributable income to the college from which the invention arose (or, in the absence of a college, to the REF)'' | ||
| + | |||
| + | === Policy Prior to 2005 === | ||
| + | |||
| + | Before 2005, the university had a flat inventor royalty share with 25% of distributable income given to the inventor(s). | ||
== Relevant Links == | == Relevant Links == | ||
| − | * | + | * [https://web.archive.org/web/20190217215105/https://uirf.research.uiowa.edu/ University of Iowa Research Foundation] |
| − | * | + | * [https://web.archive.org/web/20190121201900/https://opsmanual.uiowa.edu/administrative-financial-and-facilities-policies/university-iowa-intellectual-property-policy University of Iowa IP Policy] |
| − | |||
Revision as of 11:59, 24 February 2019
An email from a representative of the University of Iowa stated that the school has had two iterations of its policy on patent royalty distribution. The most recent policy was adopted in 2005.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| University of Iowa | 1993 | 2004 | Yes | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0 | No | No |
| University of Iowa | 2005 | 2017 | No | 1.00 | 1.00 | 1.00 | 0.25 | 0.25 | 0.25 | 0.25 | 0 | No | No |
Policy Excerpts
2005 Policy
The UIRF shall receive all payments due under a license and shall distribute such earnings under the terms of this policy within 45 days from the end of the quarter in which the earnings were received. Prior to any distribution, the UIRF shall recover any out-of-pocket expenses incurred in applying for the licensed patent(s), maintaining the licensed patents(s), defending the licensed patent(s), and marketing the invention to potential licensees. Also prior to any distribution under this policy, the UIRF shall make any payments to others required by agreements, including but not limited to interinstitutional agreements for the management of jointly owned patents. Gross UIRF earnings, less its out-of-pocket expenses, less payments required to others, are designated as "distributable income." Distributable income shall be allocated as follows:
The first $100,000 of distributable, cumulative income earned under a single license will go to the inventor(s).
After the first $100,000 is distributed to the inventor(s), any further distributable income will be allocated as follows unless income in any fiscal year triggers the conditions of V-30.3b(7)(c) below:
- 25% of distributable income to inventor(s)
- 25% of distributable income to the UIRF
- 20% of distributable income to an institutional "research enrichment fund" (REF) administered on a discretionary basis by the University of Iowa Vice President for Research and Economic Development
- 15% of distributable income to the department (or, in the absence of a department, the comparable center/institute/unit) from which the invention arose
- 15% of distributable income to the college from which the invention arose (or, in the absence of a college, to the REF)
Policy Prior to 2005
Before 2005, the university had a flat inventor royalty share with 25% of distributable income given to the inventor(s).
