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ROYALTY DISTRIBUTION AT UTHSC  UTRF’s budget covers all technology transfer expenses. (Patent, copyright, legal fees, marketing, etc.) RevenueInventorUTHSCDepartmentUTRF.

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Presentation on theme: "ROYALTY DISTRIBUTION AT UTHSC  UTRF’s budget covers all technology transfer expenses. (Patent, copyright, legal fees, marketing, etc.) RevenueInventorUTHSCDepartmentUTRF."— Presentation transcript:

1 ROYALTY DISTRIBUTION AT UTHSC  UTRF’s budget covers all technology transfer expenses. (Patent, copyright, legal fees, marketing, etc.) RevenueInventorUTHSCDepartmentUTRF $0-$5k100%0% UTRF Expense Recovery $5k-$1M40%15% 30% $1M+35%20% 25% Gross Net

2 ROYALTY DISTRIBUTION AT UTHSC UTRF accountants prepare distributions quarterly. Inventor payments sent directly to each individual. – 1099’s sent each year for tax purposes. Institutional payments sent to business managers. – Cover letter will detail which invention/PI generated the funds.

3 ROYALTY DISTRIBUTION AT UTHSC Institutional royalties are basically unrestricted funds for use by the recipient unit. – “Royalties… will be utilized for the support of scientific research or education;” 37 CFR 401.14(k)3 No reporting back to UTRF is necessary. If sponsor required payment (some foundations) UTRF will have handled it.

4 CONTACT INFO Richard Magid rmagid1@uthsc.edu 910 Madison, Suite 827 448-1562

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