Michigan Technological University
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Michigan Technological University has maintained the same patent policy since 1982.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michigan Technological University | 1982 | 2017 | No | 0.24 | 0.24 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0 | No | Yes |
Policy Excerpts
Current Policy
An email from a representative at Michigan Technological University confirms that their current patent royalty sharing policy has been in place since at least 1982.
If the University receives any royalty and/or other income from the sale or licensing of any patent or other proprietary rights, it will provide, consistent with the other provisions of this policy, a share of any royalties and/or other income received by the University for the inventor or inventors, as follows:
- The initial $1,000 will be distributed to the inventor.
- From $1,000 to $30,000 will be distributed 15% to the inventor and 85% to the University.
- From $30,000 to $180,000 will be distributed equally among the University, the inventor, and the inventor's department/unit.
- Any amounts over $180,000 will be distributed 1/3 to the inventor, 2/3 to the University.
- Progression to the sharing ranges of subparagraphs d1-4 above will be on the basis of cumulative income received by the University over the life of any license agreement.
- The subdivision of the distribution to multiple inventors is a matter of agreement between the inventors. If the inventors cannot agree, the University will make such distribution as it, in its sole discretion, determines.
