Georgia Institute of Technology
The Georgia Institute of Technology has revised its policy in 1998 and 2002. It is unclear when the 1998 policy went into effect.
Contents
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Georgia Institute of Technology | 1991 | 1997 | No | 0.55 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0 | No | Yes |
| Georgia Institute of Technology | 1998 | 2001 | No | 0.48 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0 | No | Yes |
| Georgia Institute of Technology | 2002 | 2017 | No | 0.50 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | Yes |
Policy Excerpts
Current Policy
Georgia Institute of Technology Faculty Handbook (2002)
The first Two Thousand Five Hundred Dollars ($2,500) of gross income derived from the commercialization of any intellectual property other than video tapes/multimedia material shall be paid to the inventors/developers. Thereafter, the net income, computed on cumulative basis, shall be distributed as follows:
| Next $500K | $501-1,000K | > $1,000K | |
|---|---|---|---|
| Inventor | 33% | 33% | 33% |
| Unit | 17% | 27% | 33% |
| GTRC | 50% | 40% | 34% |
1998 Policy
Georgia Insitute of Technology IP Policy (1998)
The first Two Thousand Five Hundred Dollars ($2,500.00) of gross income derived from the commercialization of any intellectual property other than video tapes/multimedia material shall be paid to the inventors/developers. Thereafter, the net income shall be distributed as follows:
| Next $100K | $101-500K | $501-1,000K | Over $1 Million | |
|---|---|---|---|---|
| Inventor | 30% | 25% | 20% | 10% |
| Reinvest | 15% | 15% | 15% | 20% |
| Development Fund | 5% | 20% | 35% | 50% |
| GTRC | 50% | 40% | 30% | 20% |
Pre-1998 Policy
Georgia Insitute of Technology Patents Policy (1996)
If the Institute receives a patent, negotiates a license agreement, or otherwise exploits the invention, the first $1,000.00 in income to the Institute generated from the invention shall be paid to (or divided among) the inventor(s). Thereafter, the inventor(s) shall receive fifty percent (50%) of net revenues received by the Institute from exploitation of the invention. "Net revenues" is defined as gross revenues less any expenditures borne by Georgia Tech Research Corporation (GTRC) and/or the Georgia Institute of Technology for research resulting in such inventions, as well as any expenses incurred in securing letters patent or effecting a license agreement, and the development and administration thereof, and/or any and all expenditures incurred by GTRC in contemplation of or in any litigation or controversy between parties involving rights under any such inventions.
