Washington State University
Little blurb about what we know.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Washington State University | 1991 | 2000 | No | 1.00 | 0.45 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.225 | No | No |
| Washington State University | 2001 | 2015 | No | 1.00 | 0.50 | 0.50 | 0.38 | 0.25 | 0.25 | 0.25 | 0.2 | No | No |
Policy Excerpts
2001 Policy Excerpt
Division of Patent Royalties
a) All monetary proceeds from commercialization of University-owned inventions are the property of the University or its assignee. The University or its designee will collect and distribute royalties, fees, equity interests, or dividends to inventors and University in accordance with procedures established by the University.
(1) The University or its designee will deduct the costs of obtaining and maintaining legal protection for each invention to arrive at "adjusted income."
(2) The University or its designee will deduct twenty percent (20%) from adjusted income and the remainder will be "net income." This deduction is directed toward covering the expenses (excluding direct patent expenses) for administering OC and provides initial funds for patent prosecution for other inventions without obvious commercial partners.
(3) Distribute net income according to the following schedule.
| Cumulative Net Income | Inventor | University |
|---|---|---|
| $1 - $10,000 | 100% | |
| $10,001 - $200,000 | 50% | 50% |
| Above $200,000 | 25% | 75% |
(4) With consideration to other University priorities and policies, the University or its designee will distribute a portion of its share to the Office of the Vice President for Research to be invested in further research and technology efforts for the University and at least 20% of its share to be split equally between the inventor's department and College (or relevant branch campus when appropriate) for further research.
b) Inventors, whose technology was previously assigned to the former non-profit intellectual property manager for WSU, the WSU Research Foundation for administration, will be given the one-time option of selecting the above Division of Royalty policy over any pre-existing royalty policy.
c) In the event of multiple inventors, the inventors will agree among themselves as to the distribution of the income accruing to the inventors; distribution of the inventors' share shall be made only upon receipt of a signed agreement among the inventors.
d) The University or its designee may negotiate, but shall not be obligated to negotiate, for equity interests in lieu of or in addition to royalty and/or monetary consideration as part of an agreement relating to inventions or Copyrighted Works. Any equity interests acquired pursuant to this section shall be held and managed by the Washington State University Foundation. Neither the Washington State University Foundation nor University acts as a fiduciary for any person concerning equity nor other consideration received under the terms of this regulation.
1992 Policy Excerpt
In adopting this policy statement the Washington State University Board of Regents recommended and the Board of Directors of the Washington State University Research Foundation adopted the following policy for distribution of royalties from patents:
Following the filing of a patent application on a particular invention which has been determined to be University property, the inventor will receive a $500 payment from the WSURF. If the invention is determined to be owned jointly by the employee and the University or by the employee, the University and one or more external agencies, unless the parties agree otherwise, the inventor shall receive a sum equal to $500 multiplied by the percentage of the University's interest. Where several employees are responsible for the invention, the payment shall be shared among the coinventors.
Net royalty income received by WSURF shall be defined as one or the other of the following: (1) in the case of property administered by an agency other than the WSURF (such as the Battelle Development Corporation, Research Corporation, or Washington Research Foundation) the sum received that is subject to this policy less a 5% administrative charge to be retained by WSURF; or (2) in the case of property administered by WSURF, the amount received that is subject to this policy less a 40% administrative charge to be retained by WSURF.
Net royalty income received by WSURF shall be distributed according to the following schedule:
| Cumulative Net Income | Inventor | WSU Research Foundation | Unit (e.g., Department) |
|---|---|---|---|
| $1 - $10,000 | 100% | 0% | 0% |
| $10,001 - $40,000 | 50% | 20% | 30% |
| Above $40,000 | 50% | 35% | 35% |
In the case of multiple inventors, the cumulative net royalty income shall be distributed equally among them unless their initial disclosure specified an unequal distribution.
Royalty income allocated to inventors goes directly to them as personal income.
Relevant Links
- WSU Office of Commercialization
- 1992 Policy
- Link to policy related to Policy Excerpt #2
