New York University Medical Center
We were able to locate detailed patent royalty sharing information for NYU Medical Center dating as far back as 1983.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| New York University Medical Center | 1983 | 2012 | Yes | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0 | No | No |
| New York University Medical Center | 2013 | 2017 | Yes | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0 | No | No |
Policy Excerpts
2013 Policy
NYU Statement of Policy on IP (2012)
When NYU owns the rights to an Invention, each Inventor has the right to share in the Net Proceeds received by NYU from commercializing the Invention except as otherwise provided in this policy. Specifically, Net Proceeds ordinarily are distributed as follows:
Fifteen percent (15%) of the Net Proceeds for the general support of the OIL and to cover any other expenses associated with the commercialization of NYU’s Inventions. In cases where the funds so designated exceed the budget of the OIL, the remainder are allocated to the NYU share as per Paragraph 2.b below; and
The remaining Net Proceeds (85%) are distributed as follows:
- Inventor share: one-half (or 42.5% of Net Proceeds) to the Inventor or Inventors (including Inventors outside of NYU).
- One-half (or 42.5% of Net Proceeds) to be used by NYU for research, scholarship, educational and clinical activities (or as otherwise required by law, regulation or contract) in the following manner: (i) Two-thirds to the School (or other NYU unit if the Inventor is not affiliated with a School) in which the Invention was made. Each School or other unit receiving royalty proceeds must develop and disseminate a policy for the use of such proceeds that is in accordance with the overall aims outlined in Section V.D. of this policy; (ii) One-third to NYU. In recent years, for Inventions made in the School of Medicine, NYU’s practice has been to contribute a large portion of its one-third share to the School of Medicine in light of financial circumstances.
1983 Policy
NYU Statement of Policy on Patents (1983)
The University shall pay to the inventor or inventors, his, her, or their heirs, executors, administrators, or assigns a portion of the net proceeds paid to the University, and such portion shall consist of and be computed exclusively from money received by the University from University Patents, Inc., or other entity and arising out of commercial exploitation of the invention. The University shall establish rules and procedures for determining what portion of the monies paid to the University by University Patents, Inc., or other entity and arising out of a particular invention shall be paid to the inventor or inventors of such invention. All decisions of the University determining the payments to be made to a particular inventor and the reasons for such decision shall be set forth in writing. The inventors’ collective share of such net proceeds received by the University from the invention shall ordinarily be fifty percent (50%). Royalties and other income shall, where appropriate, be allocated and expended by the University in accordance with federal regulations governing the use of such funds. Where an invention is developed by more than one person, the inventors shall decide among themselves their respective shares of the inventors’ collective share of net proceeds and shall provide to the Office of Sponsored Programs a written agreement signed by all of the inventors designating their respective shares and authorizing the University to make payments in accordance therewith. One-third of the net proceeds retained by the University shall be allocated to the department in which the invention was made, one third to the school or college in which the invention was made, and one third to the University.
