Stevens Institute of Technology

The current Patent Policy at the Stevens Institute of Technology went into effect on December 16, 2014.

Summary

Institution	Start	End	Flat	$0-10k	$10-50k	$50-100k	$100-300k	$300-500k	$0.5-1M	>$1M	Fee	Lab	More
Stevens Institute of Technology	2015	2017	Yes	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.15	No	No

Policy Excerpts

Current Policy

Stevens Patent Policy (2014)

Following the allocation contemplated by paragraph B above, all distributions shall be based upon net proceeds (as defined below) and shall ordinarily be distributed as follows:

Fifteen percent (15%) for the general support of the Office of Innovation and Entrepreneurship and to cover any other expenses associated with the commercialization of Stevens’ inventions; and

The remaining net proceeds (85 %) shall be distributed as follows:

• Inventor share: fifty percent (50%) of net proceeds to the inventor or inventors (including in each case inventors at other institutions), for the first $5,000,000 of net proceeds; forty percent (40%) of net proceeds in excess of $5,000,000 and not exceeding $10,000,000; and thirty percent (30%) of all amounts of net proceeds in excess of $10,000,000.
• The remainder of net proceeds shall be used by Stevens for research, scholarship and other educational activities in the following manner:
  • 40% to the school or other Stevens division in which the invention was made;
  • 20% to the Office of the Provost; and
  • 40% to Stevens.

Relevant Links

• Stevens Office of Innovation and Entrepreneurship
• Stevens Patent Policy (2014)