Mississippi State University
Mississippi State University has made two changes to its patent policy since 1991.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mississippi State University | 1994 | 2001 | No | 0.75 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0 | No | No |
| Mississippi State University | 2002 | 2017 | No | 0.75 | 0.50 | 0.50 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | No |
Policy Excerpts
Current Policy
First, all income will be used to reimburse out-of-pocket expenses incurred by MSU or the RTC, as appropriate, during the commercialization process. Such expenses shall be limited to documented incremental costs for: (a) protecting (e.g. patent prosecution and/or copyright registration, patent/copyright maintenance); (b) defending; (c) marketing; and (d) licensing the IP. Such expenses shall also include costs for (e) enhancing the marketability or any other aspect of the IP; and (f) dealing with RTC equity interest associated with the IP. Specifically excluded are costs associated with generating the IP (i.e. research costs).
After all expenses have been reimbursed, all subsequent income shall be distributed as follows:
First $5,000: 100% to the Creator(s), $5,000-$100,000: 50% to the Creator(s), and above $100,000: 40% to the Creator(s)
1994 Policy
The first royalty income will be applied to the reimbursement of the patent expenses. The next $5,000 will be allocated to the inventors. When predetermined amounts of university expenses are to be recovered, the inventor(s) will receive up to $5,000 annually until all such expenses are recovered. When all University expenses have been recovered or no expenses have been incurred by the University, the inventor(s) will receive 50% of the revenue.
