Iowa State University
Iowa State University has maintained its patent policy since 1991. Creators receive 33% of the share up to $1,000,000 and then receive 15% of net revenues.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Iowa State University | 1992 | 2017 | Yes | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.15 | No | No |
Policy Excerpts
1992 Policy
1. All expenses directly related to the patent/license will be paid.
2. ISURF will retain 15% of the gross royalties on each patent to cover the general administrative costs incurred by the office.
3. ISURF will pay the inventor(s) 1/3 of the net royalties: Net royalties = [gross royalties – (costs + 15% gross royalties)].
4. The college (or equivalent unit) that generated the patent will receive up to 1/3 of the net royalties generated on a patent.
5. Any debts to the university will be paid before funds are invested or returned to the university for other purposes.
6. Payments will be made annually by September 1 following the fiscal year ending June 30
