Loyola University Medical Center
Loyola University Medical Center has revised its patent policy twice since 1991.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Loyola University Medical Center | 2006 | 2009 | Yes | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.125 | No | No |
| Loyola University Medical Center | 2010 | 2017 | No | 0.50 | 0.50 | 0.50 | 0.40 | 0.40 | 0.30 | 0.30 | 0.15 | No | No |
Policy Excerpts
Current Policy
From $0-$100K Inventors will receive 50% of the share, Office of Research and Services receives 25%, Inventor's School receives 25%, and the University receives 0%
From $100,001-$500K Inventors will receive 40% of the share, Office of Research and Services receives 25%, Inventor's School receives 20%, and the University receives 15%
From $500,001+ Inventors will receive 30% of the share, Office of Research and Services receives 20%, Inventor's School receives 20%, and the University receives 30%
2006 Policy
Distribution of net revenue:
a. 50% to the inventor.If there are multiple inventors, the 50% allocation will be subdivided according to the apportionment agreed to at the time of invention disclosure.
b. 15%to the Department in which the inventor has a primary academic appointment. Subdivision of this allocation to Institutes and Centers is determined by agreements between organizational heads of the entities involved.
c. 25%to a General Technology Transfer Fund, which will be used to support technology transfer activities.
d. 5%to the Dean-SSOM
e. 5%to the President and Chief Executive Officer-LUHS
