West Virginia University
little blurb
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| West Virginia University | 1997 | 2005 | Yes | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0 | No | No |
| West Virginia University | 2006 | 2017 | Yes | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | No |
Policy Excerpts
2005 Policy Excerpt
The University shall share with the inventors any revenue received from patents or inventions. Within the context of this Policy, revenues may be either monetary in nature or any tangible property of value when provided by an external source, under formal agreement with the University, with the explicit expectation of an immediate or future consideration as related to an invention or trade secret of the University.
Specific provisions of grants or contract may govern rights and revenue distribution regarding inventions made in connection with sponsored research; consequently, revenues the University receives form such inventions may be exclusive of payments or royalty shares to donors or contractors.
The University expects to contract with outside persons or organizations to obtain, manage and defend patents. Any royalty shares or expenses committed to such external persons or organizations will be deducted before revenues accrue to the University.
The revenues (net, if applicable under the definition in the first paragraph of Income Sharing) which are derived by the University from a patent or inventions will be applied first to reimburse the University for any direct, incremental expenses incurred by it in investigating patentability, obtaining and maintaining the patent and in the marketing, licensing and defending the patent or licensable invention. After provision for said expenses, such revenues assigned to the University will be shared as follows:
Inventor(s) 30%
Inventor's Department/Division 10%
Inventor's College/School 10%
General University 50%
It is understood that with involvement of more than one college/department or other situations of equity, the revenues shared by the college/department shall be subject to regulation.
The University share, consistent with State and University budget policies, will be dedicated to research and to the promotion of patenting and patents.
Relevant Links
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