Illinois State University
Illinois State has had two iterations of 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Illinois State University | 1990 | 2016 | Yes | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0 | No | No |
| Illinois State University | 2017 | 2017 | Yes | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | No | No |
Policy Excerpts
Current Policy
Illinois State IP Policy (2016)
Unless otherwise negotiated between the Creator and the University as confirmed in a signed written agreement, all proceeds will be allocated as indicated below after any expenses incurred in the pursuit, protection or licensing of the technology by the University is recovered. In such cases where there are multiple Creators creators, the creator's portion will be split equally between all Creators except for instanced in which the Creators have a signed agreement indicating a different percentage revenue split of the Creator's share.
- 40% to the Creator(s)
- 60% to be managed by the Provost or designee to support research, scholarship and the academic enterprise at the University.
1990 Policy
Illinois State IP Policy (1990)
The University shall pursue, in its sole discretion, the generation of revenue from University retained inventions. Any such revenue shall first be used to reimburse the University for all payments or obligations directly attributable to the protection and promotion/commercialization of an invention, including the use of an external firm or intermediary. The revenue remaining after such deductions is defined as net revenue. Net revenue shall be divided between the inventor(s) and the University. Each shall receive fifty percent (50%) of those funds.
