Difference between revisions of "Rutgers the State University of NJ"
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An email from a representative of Rutgers stated that the update to the University's 2013 policy did not change the royalty rates set in the 1996 policy. | An email from a representative of Rutgers stated that the update to the University's 2013 policy did not change the royalty rates set in the 1996 policy. | ||
| + | |||
| + | ''Distribute the first $5,000 of Gross Income to the inventor. Then, deduct expenses directly assignable to the specific patent and are not paid by a licensee to arrive at Net Income.'' | ||
'' Distribute Net Income as indicated below: | '' Distribute Net Income as indicated below: | ||
Latest revision as of 17:43, 30 March 2019
We were able to locate detailed patent royalty sharing information for Rutgers dating as far back as 1996. The royalty rates have remained unchanged since then.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rutgers the State University of NJ | 1996 | 2017 | No | 0.63 | 0.25 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0 | No | No |
Policy Excerpts
1996 Policy
An email from a representative of Rutgers stated that the update to the University's 2013 policy did not change the royalty rates set in the 1996 policy.
Distribute the first $5,000 of Gross Income to the inventor. Then, deduct expenses directly assignable to the specific patent and are not paid by a licensee to arrive at Net Income.
Distribute Net Income as indicated below:
| First $100,000 | Above $100,000 | |
|---|---|---|
| Inventor | 25% | 28% |
| University/OCLTT | 25% | 32% |
| Research Unit | 40% | 30% |
| Department | 10% | 5% |
| Dean/Director | - | 5% |
