Difference between revisions of "Clemson University"
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''All income will first be used to reimburse out-of-pocket expenses incurred during the intellectual property protection processor the commercialization process. There shall be a distribution of 15% of net proceeds to the appropriate commercialization agent prior to distribution of funds to Clemson. The amount distributed to such commercialization agent may be modified as appropriate from time to time by the IPC with the approval of the VPR'' | ''All income will first be used to reimburse out-of-pocket expenses incurred during the intellectual property protection processor the commercialization process. There shall be a distribution of 15% of net proceeds to the appropriate commercialization agent prior to distribution of funds to Clemson. The amount distributed to such commercialization agent may be modified as appropriate from time to time by the IPC with the approval of the VPR'' | ||
| − | + | For the initial $10,000 of aggregate income, Creator(s) will receive 100%, and for amounts greater than $10,000, Creator(s) will receive 40%. | |
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=== 1991 Policy === | === 1991 Policy === | ||
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[http://universitypatentdata.com/images/0/0d/1991_patent_policy.pdf 1991 Policy] | [http://universitypatentdata.com/images/0/0d/1991_patent_policy.pdf 1991 Policy] | ||
| − | ''The percentage allocations of the various shares of PATENT INCOME shall be calculated as follows: | + | ''The percentage allocations of the various shares of PATENT INCOME shall be calculated as follows: |
| − | ''For the first $50,000 of | + | *''For the first $50,000 of Patent Income: Inventor(s)' Share equals 40%; Inventor(s)' Home College(s)' Share equals 20%; University Share equals 40%. |
| + | *''For Patent Income in excess of $50,000, the allocation is as follows: Inventor(s)' Share equals 20%; Discretionary Funds equals 20%; Inventor(s) Home College(s)' Share equals 20%; University Share equals 40%'' | ||
| + | |||
| + | Note that discretionary funds are defined as "the portion of patent income paid to the home college(s) of the inventor(s)' for the inventor(s)' use as discretionary scholarship/research support." | ||
== Relevant Links == | == Relevant Links == | ||
Latest revision as of 17:01, 15 July 2019
Clemson University's Tech Transfer Office modified its patent policy in 2010. Creator(s) receive 100% of aggregate income up to $10,000, and then receive 40% of the aggregate income over the initial $10,000.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clemson University | 1991 | 2009 | No | 0.40 | 0.40 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0 | Yes | No |
| Clemson University | 2010 | 2017 | No | 1.00 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.15 | Yes | No |
Policy Excerpts
Current Policy
All income will first be used to reimburse out-of-pocket expenses incurred during the intellectual property protection processor the commercialization process. There shall be a distribution of 15% of net proceeds to the appropriate commercialization agent prior to distribution of funds to Clemson. The amount distributed to such commercialization agent may be modified as appropriate from time to time by the IPC with the approval of the VPR
For the initial $10,000 of aggregate income, Creator(s) will receive 100%, and for amounts greater than $10,000, Creator(s) will receive 40%.
1991 Policy
The percentage allocations of the various shares of PATENT INCOME shall be calculated as follows:
- For the first $50,000 of Patent Income: Inventor(s)' Share equals 40%; Inventor(s)' Home College(s)' Share equals 20%; University Share equals 40%.
- For Patent Income in excess of $50,000, the allocation is as follows: Inventor(s)' Share equals 20%; Discretionary Funds equals 20%; Inventor(s) Home College(s)' Share equals 20%; University Share equals 40%
Note that discretionary funds are defined as "the portion of patent income paid to the home college(s) of the inventor(s)' for the inventor(s)' use as discretionary scholarship/research support."
