North Carolina State University
We were able to locate detailed patent royalty sharing information for North Carolina State University dating as far back as 1989.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North Carolina State University | 1989 | 1996 | Yes | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0 | No | Yes |
| North Carolina State University | 1997 | 2002 | Yes | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0 | Yes | Yes |
| North Carolina State University | 2003 | 2008 | Yes | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | Yes |
| North Carolina State University | 2009 | 2017 | Yes | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | No |
Policy Excerpts
2009 Policy
NCSU Patent and Tangible Research Policy (2009)
NET REVENUE means GROSS REVENUE minus all direct out-of-pocket costs associated with University’s ownership and/or administration of INVENTIONS, including but not limited to costs of (1) evaluating invention disclosures, (2) patentability or trademark searches, (3) drafting and prosecuting intellectual property applications, (4) preparing and recording assignments, (5) maintaining patents or other intellectual property, (6) marketing and licensing of inventions, and (7) litigation for the enforcement or protection of intellectual property, for royalty collection, or for any other claim filed by or against University and related to University’s administration of intellectual property, including prosecution or defense of same, attorneys’ fees, court costs, expert fees, compromise, settlement, and judgment satisfaction.
NET REVENUE shall be distributed as follows:
- 40% to INVENTORS
- 5% to the College (to be used for activities that support innovation and entrepreneurship)
- 5% to the Department/Unit (to be used for activities that support innovation and entrepreneurship)
- 50% to the PATENT TRUST FUND
2003 Policy
For distributions of any Gross Revenue that is generated as a result of sales by licensees or any "trigger event" in a license or option agreement (such as up front fees, milestone payments, minimum royalty payments, and the like) where the sales or the trigger event occurred on or after July 1, 2002, the inventors' share of Gross Revenue is 40%, unless otherwise agreed in writing between the University and the inventor(s).
1997 Policy
The gross royalty revenues (net amount received by the University if there is a specific agreement in a grant or contract with a sponsor) generated by a patent or invention shall be the basis upon which the inventor's royalty is calculated. Unless otherwise agreed, the inventor's share of royalty revenues shall be 25% of the gross revenue.
Further, when 10% of annual gross revenue from a specific license agreement equals or exceeds $1,000, that amount shall be distributed to the laboratory which generated the invention which is the subject of the license agreement; provided, however, that the maximum annual distribution under this provision shall not exceed $50,000.
To the extent practicable and consistent with State and University budget policies, the remaining revenue received by the University on account of an invention will first be applied to reimburse the University for expenses incurred by it in obtaining and maintaining patents and/or in marketing, licensing and defending patents or licensable inventions and the remainder will be dedicated to research purposes that may include research in the inventor's department or unit, if approved by the Chancellor upon recommendation of the Intellectual Property Committee.
1989 Policy
NCSU Patent & Copyright Procedures (1989)
The gross royalty revenues (net amount received by the University if there is a specific agreement in a grant or contract with a sponsor) generated by a patent or invention shall be the basis upon which the inventor's royalty is calculated. Unless otherwise agreed, the inventor's share of royalty revenues shall be 25% of the gross revenue.
