Difference between revisions of "Massachusetts Inst. of Technology (MIT)"
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''Deduct 15% Administrative Fee from Gross Royalty Income. This deduction is directed toward covering the expenses of the Technology Licensing Office. Then, deduct out-of pocket costs not reimbursed by licensees and, in some cases, a reserve to arrive at Adjusted Royalty Income. Out-of-pocket costs are direct assignable expenses to a specific case such as patent filing, prosecution and maintenance fees and specific marketing costs. When out-of-pocket costs in the next M.I.T. fiscal year are forecast and future income unlikely, a reserve may be deducted. Any excess reserve will be promptly distributed after forecasted costs are paid. | ''Deduct 15% Administrative Fee from Gross Royalty Income. This deduction is directed toward covering the expenses of the Technology Licensing Office. Then, deduct out-of pocket costs not reimbursed by licensees and, in some cases, a reserve to arrive at Adjusted Royalty Income. Out-of-pocket costs are direct assignable expenses to a specific case such as patent filing, prosecution and maintenance fees and specific marketing costs. When out-of-pocket costs in the next M.I.T. fiscal year are forecast and future income unlikely, a reserve may be deducted. Any excess reserve will be promptly distributed after forecasted costs are paid. | ||
| − | ''Distribute one-third of the Adjusted Royalty Income to the | + | ''Distribute one-third of the Adjusted Royalty Income to the inventors/authors (“the Inventors’ Share”). This distribution shall be contingent upon the inventors’/authors’ adherence to the obligations of any applicable sponsored research agreement. The Inventors’ Share will be divided equally among all inventors unless all the inventors agree in writing to a different distribution.'' |
| − | inventors/authors (“the Inventors’ Share”). This distribution shall be | ||
| − | contingent upon the inventors’/authors’ adherence to the obligations of | ||
| − | any applicable sponsored research agreement. The Inventors’ Share | ||
| − | will be divided equally among all inventors unless all the inventors | ||
| − | agree in writing to a different distribution.'' | ||
| − | ''Calculation of Royalty Shares for Departments and Centers | + | ''Calculation of Royalty Shares for Departments and Centers Royalty income received by the TLO, net of Administrative Fees; distribution of royalties to inventors and third parties; and net of the TLO’s expenses of patent prosecution and maintenance is distributed to academic departments and interdisciplinary centers and laboratories pro rata based on the total net royalty income attributed to cases from each department, center or interdisciplinary laboratory.'' |
| − | Royalty income received by the TLO, net of Administrative Fees; | ||
| − | distribution of royalties to inventors and third parties; and net of the | ||
| − | TLO’s expenses of patent prosecution and maintenance is distributed to | ||
| − | academic departments and interdisciplinary centers and laboratories | ||
| − | pro rata based on the total net royalty income attributed to cases from | ||
| − | each department, center or interdisciplinary laboratory.'' | ||
== Relevant Links == | == Relevant Links == | ||
*[https://web.archive.org/web/20190305212809/https://tlo.mit.edu/ Massachusetts Institute of Technology Tech Transfer Office] | *[https://web.archive.org/web/20190305212809/https://tlo.mit.edu/ Massachusetts Institute of Technology Tech Transfer Office] | ||
*[http://universitypatentdata.com/images/9/9d/2006_MIT.pdf 2006 Patent Policy] | *[http://universitypatentdata.com/images/9/9d/2006_MIT.pdf 2006 Patent Policy] | ||
Revision as of 11:21, 7 March 2019
The Massachusetts Institute of Technology confirmed in e-mail communication that their patent policy has not been modified since 1986.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Massachusetts Inst. of Technology (MIT) | 1986 | 2017 | Yes | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.15 | No | No |
Policy Excerpts
2006 Policy
For each Case (usually defined as the patents, software, or Tangible Property derived from a single Technology Disclosure), the distribution of inventor royalties derived from the Case is calculated as follows:
Deduct 15% Administrative Fee from Gross Royalty Income. This deduction is directed toward covering the expenses of the Technology Licensing Office. Then, deduct out-of pocket costs not reimbursed by licensees and, in some cases, a reserve to arrive at Adjusted Royalty Income. Out-of-pocket costs are direct assignable expenses to a specific case such as patent filing, prosecution and maintenance fees and specific marketing costs. When out-of-pocket costs in the next M.I.T. fiscal year are forecast and future income unlikely, a reserve may be deducted. Any excess reserve will be promptly distributed after forecasted costs are paid.
Distribute one-third of the Adjusted Royalty Income to the inventors/authors (“the Inventors’ Share”). This distribution shall be contingent upon the inventors’/authors’ adherence to the obligations of any applicable sponsored research agreement. The Inventors’ Share will be divided equally among all inventors unless all the inventors agree in writing to a different distribution.
Calculation of Royalty Shares for Departments and Centers Royalty income received by the TLO, net of Administrative Fees; distribution of royalties to inventors and third parties; and net of the TLO’s expenses of patent prosecution and maintenance is distributed to academic departments and interdisciplinary centers and laboratories pro rata based on the total net royalty income attributed to cases from each department, center or interdisciplinary laboratory.
