Difference between revisions of "Cornell University"
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[http://universitypatentdata.com/images/2/2a/1989_Cornell.pdf 1989 Policy] | [http://universitypatentdata.com/images/2/2a/1989_Cornell.pdf 1989 Policy] | ||
| − | '' | + | ''[T]otal net royalty income is distributed as follows: |
| + | :50% of the first $10,000 to the inventor | ||
| + | :35% of the next $40,000 to the inventor | ||
| + | :25% of the next $50,000 to the inventor | ||
| + | :15% of the net royalty income in excess of $100,000 to the inventor. | ||
== Relevant Links == | == Relevant Links == | ||
Revision as of 07:42, 21 July 2019
Cornell University has revised its patent policy twice since 1991.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cornell University | 1989 | 1995 | No | 0.50 | 0.35 | 0.25 | 0.15 | 0.15 | 0.15 | 0.15 | 0 | No | No |
| Cornell University | 1996 | 2004 | No | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 | 0.25 | 0 | No | No |
| Cornell University | 2005 | 2017 | Yes | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | No |
Policy Excerpts
Current Policy
In the case of a Cornell invention, the university, through CCTEC, will receive all license revenue and, in recognition of the efforts and contributions of the inventor, distribute total net license revenue as follows: One-third (33.3 percent) to the university inventor(s) in recognition of their contribution. In the case of university co-inventors, this distribution will be shared
One-third (33.3 percent) will be divided as follows:
(a) 60 percent to the inventor's research budget, sub-unit (typically the inventor's department, school, section, or center) and university unit(typically the inventor's college) in a manner to be determined by the dean of the unit (or, for research centers in the Research Division, the Vice Provost for Research),
(b) 40 percent to the university for general research support. One-third (33.3 percent) to the university to provide CCTEC with operating funds to cover the cost of service provided to the university with regard to intellectual property matters and particularly to cover direct costs, where license revenue or other cost recovery has not been achieved.
1995 Policy
In the case of a patent owned by the University pursuant to paragraph D(1) above, and in recognition of the efforts and contributions of the inventor, total net royalty income shall be distributed as follows: 50% of the first $100,000 and 25% of net royalty income in excess of $100,000.
1989 Policy
[T]otal net royalty income is distributed as follows:
- 50% of the first $10,000 to the inventor
- 35% of the next $40,000 to the inventor
- 25% of the next $50,000 to the inventor
- 15% of the net royalty income in excess of $100,000 to the inventor.
