Difference between revisions of "University of Virginia"
(changed policy start year from 2001 to 1997 (per Lori's email)) |
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! {{H:title|Are there more complications, like calculating some shares out of gross rather than net royalties?|More}} | ! {{H:title|Are there more complications, like calculating some shares out of gross rather than net royalties?|More}} | ||
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| − | | [[University of Virginia]] || 1993 || | + | | [[University of Virginia]] || 1993 || 1996 || Yes || 0.15 || 0.15 || 0.15 || 0.15 || 0.15 || 0.15 || 0.15 || 0 || Yes || Yes |
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| − | | [[University of Virginia]] || | + | | [[University of Virginia]] || 1997 || 2011 || No || 0.50 || 0.50 || 0.50 || 0.30 || 0.25 || 0.25 || 0.15 || 0 || Yes || No |
|- | |- | ||
| [[University of Virginia]] || 2012 || 2015 || Yes || 0.35 || 0.35 || 0.35 || 0.35 || 0.35 || 0.35 || 0.35 || 0 || Yes || No | | [[University of Virginia]] || 2012 || 2015 || Yes || 0.35 || 0.35 || 0.35 || 0.35 || 0.35 || 0.35 || 0.35 || 0 || Yes || No | ||
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*''35% UVA Innovation & Scholarly Activities Fund | *''35% UVA Innovation & Scholarly Activities Fund | ||
| − | === | + | === 1997 Policy === |
[https://web.archive.org/web/20110701055147/http://www.virginia.edu:80/finance/polproc/pol/xve2.html UVA Patent Policy (2000)] | [https://web.archive.org/web/20110701055147/http://www.virginia.edu:80/finance/polproc/pol/xve2.html UVA Patent Policy (2000)] | ||
Latest revision as of 07:47, 3 April 2019
We were able to locate detailed royalty sharing information for the University of Virginia dating as far back as 1993. In that time, the University has had three iterations of its policy.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| University of Virginia | 1993 | 1996 | Yes | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0 | Yes | Yes |
| University of Virginia | 1997 | 2011 | No | 0.50 | 0.50 | 0.50 | 0.30 | 0.25 | 0.25 | 0.15 | 0 | Yes | No |
| University of Virginia | 2012 | 2015 | Yes | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0 | Yes | No |
Policy Excerpts
2012 Policy
UVA Distribution of Innovation Revenues
Innovation Revenue Distribution Formula
- 35% Innovators
- 10% Innovators' Research Support
- 10% Innovators' Departments
- 35% UVA Innovation & Scholarly Activities Fund
1997 Policy
The distribution formula (amended April 1, 1997) is as follows:
| Total Income | Patent Foundation | Inventor | Inventor(s) Research | School(s) | Scholarly Activities Fund |
|---|---|---|---|---|---|
| $0-$99,999 | 42.5% | 50% | 7.5% | - | - |
| $100,000-$299,999 | 42.5% | 30% | 20% | 7.5% | - |
| $300,000-$999,999 | 40% | 25% | 15% | 10% | 10% |
| >$1,000,000 | 40% | 15% | 15% | 20% | 10% |
1993 Policy
In general, the inventor(s) will receive from any product of University research fifteen percent of the gross royalties, license fees, or other income which accrues. The inventor(s) may elect to have any part of this amount assigned to the University for support of research by the inventor(s). This provision will continue as long as income is received from the project, and it will be continued according to law in the event of the death of the inventor(s).
