Revisions Proposed to Faculty Manual Royalty Distribution s.

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Presentation transcript:

Revisions Proposed to Faculty Manual Royalty Distribution s

Revisions Proposed  Simplify royalty distribution table from 3 tiers to 2 tiers –  eliminate the third tier that reduces faculty portion from 50% to 25%  Only two tiers: $1-$10K: 100% to faculty; >$10K: split  Allow funds for commercialization projects  Allow for enforcement of IP  Recent patent law suits  Protecting our patents in light of new case law (gene markers and method patents)  Plant varietal infringement matters

Concerns from last senate discussion Concern By SenateProposed revision IP Committee RosterOC Website, Faculty Senate website Many technologies produce $10K or under Preserving Tier 1 structure (Upto $10K: Faculty 100%) Rewarding faculty at higher levelEliminated Tier 3 (=University 75%- Inventor 25%). Limited at Tier 2 (=University-Inventor split) Enforcement FundCapped at $150K; Advisory body of inventors/breeders/creators to make recommendations on the use of the Fund.

Royalty Comparison for Inventor Portion current vs. proposed Tier $ 1-10K ( eg.,$10K ) $ 10K-200K ( eg., $200K ) $ 200,001- Up ( eg., $500K) Current $10K $100K $125K Proposed $10K $100K $250K