Georgia Institute of Technology

The Georgia Institute of Technology has revised its policy thrice since 1991.

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

• 2002 Policy

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: Inventor 33%, Unit 17%, and GTRC 50%

$501 K - $1,000 K: Inventor 33%, Unit 27%, GTRC 40%

>$1,000 K: Inventor 33%, Unit 33%, GTRC 34%

1998 Policy

1998 Policy

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: Inventor 30%, Reinvest 15%, Development Fund 5%, GTRC 50%

$101-500K: Inventor 25%, Reinvest 15%, Development Fund 20%, GTRC 40%

$501-1,000K:Inventor 20%, Reinvest 15%, Development Fund 35%, GTRC 30%

Over $1 Million: Inventor 10%, Reinvest 20%, Development Fund 50%, GTRC 20%

1991 Policy

1991 Policy

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 Tech Faculty Handbook: Patents"
• 1998 "Georgia Tech Faculty Handbook: Intellectual Property Policy"
• 2002 "Georgia Tech Faculty Handbook"