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Campus Forums on CU’s Intellectual Property, Technology Transfer and Educational Materials Policy

Campus Forums on CU’s Intellectual Property, Technology Transfer and Educational Materials Policy. An Invitation to Faculty, Inventors, and Administrators to Help Guide Us to Closure. Agenda for Today’s Forum.

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Campus Forums on CU’s Intellectual Property, Technology Transfer and Educational Materials Policy

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  1. Campus Forums on CU’s Intellectual Property, Technology Transfer and Educational Materials Policy An Invitation to Faculty, Inventors, and Administrators to Help Guide Us to Closure

  2. Agenda for Today’s Forum • Learn about current strategies to improve CU’s tech transfer operations and policy initiatives • Discuss suggested approach to policy and management of IP/TT and educational materials • Discuss royalty sharing principles and possible formula distributions options

  3. Starting Point for IP Deliberations • The University will honor traditional faculty rights of authorship concerning textbooks, articles and other like publications and scholarly creations • Traditional canons of academic freedom are ensured • Recommendations of University committees have been well received and are the starter materials for current deliberations

  4. New Intellectual Property and Technology Transfer Services • Increased understanding of IP – educating prospective inventors • Helping to identify and secure IP – quality invention disclosures, IP in sponsored research contracts, and Material Transfer Agreements • Increased inventor involvement in marketing and licensing – following leads, frequent communication and setting realistic expectations • Increased involvement with Colleges of Business and Law – student learning opportunities • Increased involvement with local business community – bringing them into the process and leveraging local resources

  5. How the New Service Approach Will Take Shape • Reorganization of TT approved by Regents – central office providing support to 2 major campus groups • University Technology Corp. (UTC) no longer directly involved in licensing • Increased funding for TT = more speculative patents and more staff • Strategic plan by June 2002 • CU’s TT history is not our destiny

  6. Guiding Principles for Educational Materials • Creators/authors own the IP unless significant University-controlled resources are used. • University is granted certain rights to use for University purposes • Each campus will provide parameters for campus resources that are “customarily and currently provided” and these will change over time. Examples of “significant use” also will be provided, e.g. release time, instructional design support, specialized software purchase.

  7. Guiding Principles for Educational Materials (con’t) • Creators/authors have a duty to disclose creation of educational materials which might be owned by the University (e.g. when substantial resources are involved) • Royalty distribution defined by separate agreement, may depart from standard patents royalty distribution • Employees’ primary allegiance is to the University, and they should not participate in direct competition to the University

  8. Guiding Principles for IP/TTChanges to Royalty Sharing • Following framework of Bayh/Dole • Extensive discussions with Inventor community • Inventor’s share must not decrease below 25% of net revenues • “Grandfathering” to be determined by parties on a case-by-case basis • Provide sufficient funding to ensure quality TT services to inventors • Simplicity

  9. Three Possible Options for Royalty Distribution • Option 1 - Retain the existing approach • Distribution of net revenue (Net = gross less unreimbursed patent expenses) • 4% off the top to TT, then distribute 4 X 25% • Inventor(s) as supplemental income • Inventor’s Lab • Inventor’s Department • University – to support Tech Transfer

  10. Three Possible Options for Royalty Distribution • Option 2 – Broader royalty sharing • 4% off the top support for TTO eliminated • Net revenue distributed 3 X 33.3% • 1/3 to inventor(s)/creator(s) • 1/3 to technology transfer operation • 1/3 to the campus • Each campus determines the distribution of the campus share

  11. Three Possible Options for Royalty Distribution • Option 3 – Hybrid Net Revenue Model • Inventor share of 25% retained • No less than 25% share for TT • Remaining 50% distributed • Labs and Department – no less than 30% • School/College – no less than 3% • Chancellor’s Office - no less than 3% • Each campus determines specific formula

  12. Next Steps and Timeline • Working on a revised comprehensive IP Policy which would encompass Regental policy and Administrative Policy (implementation) • Committee being established to review and finalize the net income distribution • Faculty governance review of revised policies • Policy to be reviewed by the Board of Regents • Technology Transfer strategic plan by June 2002

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