Loyola University Medical Center

Loyola University Medical Center has revised its patent policy twice since 1991.

Summary

Institution	Start	End	Flat	$0-10k	$10-50k	$50-100k	$100-300k	$300-500k	$0.5-1M	>$1M	Fee	Lab	More
Loyola University Medical Center	2006	2009	Yes	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.125	No	No
Loyola University Medical Center	2010	2017	No	0.50	0.50	0.50	0.40	0.40	0.30	0.30	0.15	No	No

Policy Excerpts

Current Policy

2010 Policy

From $0-$100K Inventors will receive 50% of the share, Office of Research and Services receives 25%, Inventor's School receives 25%, and the University receives 0%

From $100,001-$500K Inventors will receive 40% of the share, Office of Research and Services receives 25%, Inventor's School receives 20%, and the University receives 15%

From $500,001+ Inventors will receive 30% of the share, Office of Research and Services receives 20%, Inventor's School receives 20%, and the University receives 30%

2006 Policy

2006 Policy

Distribution of net revenue:

a. 50% to the inventor.If there are multiple inventors, the 50% allocation will be subdivided according to the apportionment agreed to at the time of invention disclosure.

b. 15%to the Department in which the inventor has a primary academic appointment. Subdivision of this allocation to Institutes and Centers is determined by agreements between organizational heads of the entities involved.

c. 25%to a General Technology Transfer Fund, which will be used to support technology transfer activities.

d. 5%to the Dean-SSOM

e. 5%to the President and Chief Executive Officer-LUHS

Relevant Links

• Loyola University Medical Center Tech Transfer Office
• "Intellectual Property and Technology Transfer Policy"
• "Intellectual Property and Technology Transfer Policy Loyola University Chicago Stritch School of Medicine"