Wayne State University
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wayne State University | 1984 | 2017 | No | 0.75 | 0.50 | 0.50 | 0.40 | 0.40 | 0.40 | 0.35 | 0 | No | No |
Policy Excerpts
1984 Policy Excerpt
Royalty Distribution
All Wayne State University patents which are licensed to external users or to University employees will return to the inventor and to the University an equitable royalty income. Gross royalty income returning to the University will first be used to repay all costs associated with patent development, patent application and licensing.
Following the deduction of such expenses, net royalty income will be distributed among the inventor(s) and other University units according to the following formula:
| Net Income | Inventor | Department | University |
|---|---|---|---|
| Up to $ 10,000 | 75% | 15% | 10% |
| Next $ 90,000 | 50% | 15% | 35% |
| Next $900,000 | 40% | 15% | 45% |
| Over $1 million .. | 35% | 15% | 50% |
The inventor's share of royalty income shall be fixed according to the above formula. Modification of this formula with respect to the share allocated to departments and the University shall require approval of the Board of Governors following the recommendation of University administration.
The inventor's share of net royalty income returning from patents involving more than one inventor will be divided equally among the inventors unless a written request to provide for some other division is signed by all inventors and filed with a designated University office thirty (30) days prior to the first payment of net royalties.
The University's share of net royalty income will be deposited in a University Research Stimulation Fund to support and stimulate further research, invention, patent development, and technology transfer. Academic departments will also utilize their share of royalty proceeds to support research programs.
In the event that an inventor (or co-inventor) terminates his/her employment at Wayne State University for any reason, the inventor's share of royalty income will continue to be paid to that inventor (or co-inventor). If an inventor (or co-inventor) dies, the inventor's share of royalty income will be paid to the heirs and beneficiaries of the deceased. Upon employment termination, or in the event that an inventor (or co-inventor) dies, the University's share of royalty income will continue to be paid to designated departmental and University accounts at Wayne State University. The departmental and University shares of royalty income may not be transferred to any other institution, organization or individual in the event of an inventor's (or co-inventor's) employment termination or death.
Furthermore, any equipment or other resources purchased from the departmental or University shares of royalty income will remain the property of Wayne State University, and will not be transferred to another institution, unless written approval of such transfer is obtained from University administration.
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
