Difference between revisions of "Georgia Institute of Technology"

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(Relevant Links)
(Policy Excerpts)
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''Over $1 Million: Inventor 10%, Reinvest 20%, Development Fund 50%, GTRC 20%
 
''Over $1 Million: Inventor 10%, Reinvest 20%, Development Fund 50%, GTRC 20%
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=== 1991 Policy ===
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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
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to the Institute generated from the invention shall be paid to (or divided among) the inventor(s). Thereafter, the inventor(s) shall
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receive fifty percent (50%) of net revenues received by the Institute from exploitation of the invention. "Net revenues" is defined
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as gross revenues less any expenditures borne by Georgia Tech Research Corporation (GTRC) and/or the Georgia Institute of
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Technology for research resulting in such inventions, as well as any expenses incurred in securing letters patent or effecting a
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license agreement, and the development and administration thereof, and/or any and all expenditures incurred by GTRC in
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contemplation of or in any litigation or controversy between parties involving rights under any such inventions.''
  
 
== Relevant Links ==
 
== Relevant Links ==

Revision as of 11:37, 6 March 2019

Little blurb about what we know.

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

2002 Policy

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: Inventor 33%, Unit 17%, and GTRC 50%

$501 K - $1,000 K: Inventor 33%, Unit 27%, GTRC 40%

>$1,000 K: Inventor 33%, Unit 33%, GTRC 34%

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:

Next $100K: Inventor 30%, Reinvest 15%, Development Fund 5%, GTRC 50%

$101-500K: Inventor 25%, Reinvest 15%, Development Fund 20%, GTRC 40%

$501-1,000K:Inventor 20%, Reinvest 15%, Development Fund 35%, GTRC 30%

Over $1 Million: Inventor 10%, Reinvest 20%, Development Fund 50%, GTRC 20%


1991 Policy

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