Vanderbilt University
We were able to locate detailed royalty sharing information for Vanderbilt dating as far back as 1991.
A report by the Patent Review Committee of Vanderbilt University showed that the first policy went into effect in June 1991. According to archived faculty manuals on the University website, the second appears to have gone into effect no later than 2011.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vanderbilt University | 1991 | 2011 | Yes | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | No |
| Vanderbilt University | 2012 | 2017 | No | 0.50 | 0.50 | 0.50 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | No |
Policy Excerpts
2011 Policy Excerpt
Allocation of Income from Technology Net income from the transfer or licensing of technology will be allocated according to the percentages in the following schedule. The intent of this schedule is that small discoveries will primarily aid Inventors and Creators and their research efforts, while large inventions will aid the school proportionally more.
Schedule Net Income
| Net Revenue for Distribution | Inventor/Author Share | Department/Center Share | School Share | University Share |
|---|---|---|---|---|
| First $100,000 (per fiscal year) | 50% | 20% | 20% | 10% |
| Above $100,000 (per fiscal per year) | 40% | 20% | 25% | 15% |
*Split between Department and Center (for total share of 20%) and will be determined and specified in each new licensing agreement based on the relative support provided to enable the intellectual property.
For multiple co-inventors/creators, the shares will be apportioned consistent with this schedule.
The Inventor’s or Creator’s share shall be paid directly to the Inventor. Funds designated for departments and schools are to be used primarily for funding research by the faculty.
In exceptional circumstances with the approval of the appropriate Dean, and the Provost or the Vice Chancellor for Health Affairs, the royalty split for technology may be adjusted subject to negotiations between the University and the Inventor and Creator.
1991 Policy Excerpt
The present distribution of royalty income at Vanderbilt [...] is given in [the following table]...
| Inventor/Creator | Inventor's Department | Inventor's School | Technology Promotion | Technology Research Fund | |
|---|---|---|---|---|---|
| First fifty thousand | 40% | 30% | 20% | 10% | 0% |
| Next fifty thousand | 40% | 25% | 25% | 10% | 0% |
| Next 400,000 | 40% | 10% | 40% | 10% | 0% |
| Over 500,000 | 40% | 5% | 25% | 5% | 25% |
Relevant Links
- Link to Archive.org version of the TTO page
- Link to policy related to Policy Excerpt #1
- Link to policy related to Policy Excerpt #2
