Michigan Technological University
Michigan Technological University has maintained the same patent policy since 1982.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michigan Technological University | 1982 | 2017 | No | 0.24 | 0.24 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | Yes |
Policy Excerpts
Current Policy
1. The initial $1,000 will be distributed to the inventor.
2. From $1,000 to $30,000 will be distributed 15% to the inventor and 85% to the University.
3. From $30,000 to $180,000 will be distributed equally among the University, the inventor, and the inventor's department/unit.
4. Any amounts over $180,000 will be distributed 1/3 to the inventor, 2/3 to the University.
5. Progression to the sharing ranges of subparagraphs d1-4 above will be on the basis of cumulative income received by the University over the life of any license agreement.
6. The subdivision of the distribution to multiple inventors is a matter of agreement between the inventors. If the inventors cannot agree, the University will make such distribution as it, in its sole discretion, determines.
