Difference between revisions of "Michigan Technological University"
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=== Current Policy === | === Current Policy === | ||
| − | [ | + | [https://web.archive.org/web/20190828225647/https://www.mtu.edu/faculty-handbook/faculty/chapter3/s3-3/334/ Current Policy] |
| − | + | An email from a representative at Michigan Technological University confirms that their current patent royalty sharing policy has been in place since at least 1982. | |
| − | '' | + | ''If the University receives any royalty and/or other income from the sale or licensing of any patent or other proprietary rights, it will provide, consistent with the other provisions of this policy, a share of any royalties and/or other income received by the University for the inventor or inventors, as follows: |
| + | #''The initial $1,000 will be distributed to the inventor. | ||
| + | #''From $1,000 to $30,000 will be distributed 15% to the inventor and 85% to the | ||
University. | University. | ||
| − | + | #''From $30,000 to $180,000 will be distributed equally among the University, the | |
| − | '' | ||
inventor, and the inventor's department/unit. | inventor, and the inventor's department/unit. | ||
| − | + | #''Any amounts over $180,000 will be distributed 1/3 to the inventor, 2/3 to the | |
| − | '' | ||
University. | University. | ||
| − | + | #''Progression to the sharing ranges of subparagraphs d1-4 above will be on the basis | |
| − | '' | ||
of cumulative income received by the University over the life of any license | of cumulative income received by the University over the life of any license | ||
agreement. | agreement. | ||
| − | + | #''The subdivision of the distribution to multiple inventors is a matter of agreement | |
| − | '' | ||
between the inventors. If the inventors cannot agree, the University will make such | between the inventors. If the inventors cannot agree, the University will make such | ||
distribution as it, in its sole discretion, determines.'' | distribution as it, in its sole discretion, determines.'' | ||
| Line 49: | Line 47: | ||
== Relevant Links == | == Relevant Links == | ||
*[https://web.archive.org/web/20190126085527/https://www.mtu.edu/research/administration/iie/ Michigan Technological University Tech Transfer Office] | *[https://web.archive.org/web/20190126085527/https://www.mtu.edu/research/administration/iie/ Michigan Technological University Tech Transfer Office] | ||
| − | *[ | + | *[https://web.archive.org/web/20190828225647/https://www.mtu.edu/faculty-handbook/faculty/chapter3/s3-3/334/ Michigan Technological University Patent Policy] |
Revision as of 15:58, 28 August 2019
Michigan Technological University has maintained the same patent policy since 1982.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michigan Technological University | 1982 | 2017 | No | 0.24 | 0.24 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | Yes |
Policy Excerpts
Current Policy
An email from a representative at Michigan Technological University confirms that their current patent royalty sharing policy has been in place since at least 1982.
If the University receives any royalty and/or other income from the sale or licensing of any patent or other proprietary rights, it will provide, consistent with the other provisions of this policy, a share of any royalties and/or other income received by the University for the inventor or inventors, as follows:
- The initial $1,000 will be distributed to the inventor.
- From $1,000 to $30,000 will be distributed 15% to the inventor and 85% to the
University.
- From $30,000 to $180,000 will be distributed equally among the University, the
inventor, and the inventor's department/unit.
- Any amounts over $180,000 will be distributed 1/3 to the inventor, 2/3 to the
University.
- Progression to the sharing ranges of subparagraphs d1-4 above will be on the basis
of cumulative income received by the University over the life of any license agreement.
- The subdivision of the distribution to multiple inventors is a matter of agreement
between the inventors. If the inventors cannot agree, the University will make such distribution as it, in its sole discretion, determines.
