Difference between revisions of "Georgia Institute of Technology"

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(Policy Excerpts)
 
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Little blurb about what we know.
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The Georgia Institute of Technology has revised its policy in 1998 and 2002. It is unclear when the 1998 policy went into effect.
  
 
== Summary ==
 
== Summary ==
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== Policy Excerpts ==
 
== Policy Excerpts ==
  
=== 2002 Policy ===
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=== Current Policy ===
  
''The first Two Thousand Five Hundred Dollars ($2,500) of gross income derived
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[https://web.archive.org/web/20190804160005/http://universitypatentdata.com/images/a/a9/2002_GeorgiaTech.pdf Georgia Institute of Technology Faculty Handbook (2002)]
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%
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''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:
  
''$501 K - $1,000 K: Inventor 33%, Unit 27%, GTRC 40%
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{| class="wikitable"
 
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|-
''>$1,000 K: Inventor 33%, Unit 33%, GTRC 34%''
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!  !! ''Next $500K'' !! ''$501-1,000K'' !! ''> $1,000K''
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|-
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| ''Inventor'' || ''33%'' || ''33%'' || ''33%''
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|-
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| ''Unit'' || ''17%'' || ''27%'' || ''33%''
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|-
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| ''GTRC'' || ''50%'' || ''40%'' || ''34%''
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|}
  
 
=== 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:
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[https://web.archive.org/web/19990503110056/http://www.academic.gatech.edu:80/handbook/Section6/Intellectual.html Georgia Insitute of Technology IP Policy (1998)]
  
''Next $100K: Inventor 30%, Reinvest 15%, Development Fund 5%, GTRC 50%
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''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:
  
''$101-500K: Inventor 25%, Reinvest 15%, Development Fund 20%, GTRC 40%
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{| class="wikitable"
 
+
|-
''$501-1,000K:Inventor 20%, Reinvest 15%, Development Fund 35%, GTRC 30%
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!  !! ''Next $100K'' !! ''$101-500K'' !! ''$501-1,000K'' !! ''Over $1 Million''
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|-
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| ''Inventor'' || ''30%'' || ''25%'' || ''20%'' || ''10%''
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|-
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| ''Reinvest'' || ''15%'' || ''15%'' || ''15%'' || ''20%''
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|-
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| ''Development Fund'' || ''5%'' || ''20%'' || ''35%'' || ''50%''
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|-
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| ''GTRC'' || ''50%'' || ''40%'' || ''30%'' || ''20%''
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|}
  
''Over $1 Million: Inventor 10%, Reinvest 20%, Development Fund 50%, GTRC 20%
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=== Pre-1998 Policy ===
  
=== 1991 Policy ===
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[https://web.archive.org/web/19961221070512/http://www.gatech.edu:80/handbook/Section6/Patent.html Georgia Insitute of Technology Patents Policy (1996)]
  
''If the Institute receives a patent, negotiates a license agreement, or otherwise exploits the invention, the first $1,000.00 in income
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''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.''
''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 ==
 
== Relevant Links ==
 
*[https://web.archive.org/web/20190122201906/https://industry.gatech.edu/ Georgia Institute of Technology Tech Transfer Office]
 
*[https://web.archive.org/web/20190122201906/https://industry.gatech.edu/ Georgia Institute of Technology Tech Transfer Office]
*[http://universitypatentdata.com/images/b/b7/1996_GeorgiaTech.pdf 1991 Patent Policy]
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*[https://web.archive.org/web/20190804160005/http://universitypatentdata.com/images/a/a9/2002_GeorgiaTech.pdf Georgia Institute of Technology Faculty Handbook (2002)]
*[http://universitypatentdata.com/images/1/14/1999_GeorgiaTech.pdf 1998 Patent Policy]
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*[https://web.archive.org/web/19990503110056/http://www.academic.gatech.edu:80/handbook/Section6/Intellectual.html Georgia Insitute of Technology IP Policy (1998)]
*[http://universitypatentdata.com/images/a/a9/2002_GeorgiaTech.pdf 2002 Patent Policy]
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*[https://web.archive.org/web/19961221070512/http://www.gatech.edu:80/handbook/Section6/Patent.html Georgia Insitute of Technology Patents Policy (1996)]

Latest revision as of 21:00, 29 August 2019

The Georgia Institute of Technology has revised its policy in 1998 and 2002. It is unclear when the 1998 policy went into effect.

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

Georgia Institute of Technology Faculty Handbook (2002)

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 $501-1,000K > $1,000K
Inventor 33% 33% 33%
Unit 17% 27% 33%
GTRC 50% 40% 34%

1998 Policy

Georgia Insitute of Technology IP Policy (1998)

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 $101-500K $501-1,000K Over $1 Million
Inventor 30% 25% 20% 10%
Reinvest 15% 15% 15% 20%
Development Fund 5% 20% 35% 50%
GTRC 50% 40% 30% 20%

Pre-1998 Policy

Georgia Insitute of Technology Patents Policy (1996)

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