University of Akron
We were able to locate detailed royalty sharing information for the University of Akron dating as far back as 1996.
Summary
| Institution | Start | End | Flat | $0-10k | $10-50k | $50-100k | $100-300k | $300-500k | $0.5-1M | >$1M | Fee | Lab | More |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| University of Akron | 1996 | 2002 | Yes | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0 | No | Yes |
| University of Akron | 2003 | 2017 | Yes | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0 | Yes | No |
Policy Excerpts
2003 Policy
University of Akron Research Foundation: Guidelines and Procedures – October 2002
The UARF, in seeking to develop and market intellectual property, is responsible for the evolution and negotiation of marketing agreements to ensure that the property is managed in a way that best serves the public interest. Net revenue (gross royalties, license fees, option fees and/or equity interests minus the direct cost of protecting, maintaining, licensing, and preserving the invention rights) resulting from such intellectual property is allocated as agreed between the inventor and the University under State and University rules and policy guidelines. The standard terms of agreements include an allocation of revenue into shares as follows (Appendix, p. 37):
Typically, forty percent (40%) of net revenue derived from the licensing of patents and copyrights is allocated to the inventor(s)-author(s). This net revenue share is disbursed directly to the inventor(s)-author(s) as personal income, thus retaining no obligations of accountability to the UARF.
Ten percent (10%) of net revenue derived from the licensing of patents and copyrights is allocated to a research account in the UARF with the University faculty inventor(s)/author(s) as the accountable officer(s). This net revenue share is to be used for the encouragement and support of the research activities of the Principal Investigator(s) (PI[s]) in their department(s).
Forty percent (40%) of net revenue derived from the licensing of patents and copyrights is allocated to the UARF. This net revenue share is used in the pursuit of furthering the research activities at The University of Akron. The following represents several examples of how this share may be used:
1. Payment of legal fees associated with patent and copyright applications, maintenance, licensing agreements and infringement defense.
2. Support of University research programs.
3. Memberships in associations related to economic development, research and research facilities, and technology transfer.
4. Marketing expenses related to technology transfer, including University/industry agreements and license agreements.
5. Expenses related to the function and administration of the UARF; such as, staff, equipment, supplies, legal fees, travel expenses, or other expenses in support of the UARF.
Five percent (5%) of the net revenue derived from the licensing of patents and copyrights is allocated to a research account in the UARF for the college in which the inventors have primary appointment with the dean as the accountable officer. This net revenue share is to be used for the encouragement and support of the research activities in their college.
Five percent (5%) of the net revenue derived from the licensing of patents and copyrights is allocated to a research account in the UARF for the department in which the inventors have primary appointment with the chair as the accountable officer. This net revenue share is to be used for the encouragement and support of the research activities in their department.
1996 Policy
University of Akron Office of General Counsel: University Research, Copyright, and Patent Policy
In the course of licensing agreements or sale of rights to manufacturers, fees and royalties may accrue. Fifteen per cent of the gross funds received with regard to any invention held solely by the university will be distributed to the inventor(s) in recognition of and reward for initiative. Up to eighty-five percent will be used to defray costs incurred during the conduct of the research, for obtaining and enforcing patents and for promoting licensing agreements. After all such costs are recovered, fifty per cent of further gross funds received will be distributed to the inventor(s) and fifty per cent of these funds will accrue to the university.
