1. What should you know about Intellectual Property? Katharine Ku Office of Technology Licensing

2. Most Universities have Intellectual Property Policies Patents Copyrights Software Courseware Tangible Research Property –Know-how –Maskworks

3. What about patents? New, useful, non-obvious Publication –Foreign rights –US Rights Patent Expenses –$15,000-$25,000 US Patent 2-4 years for a patent to issue Inventorship determination

4. Copyrights Original expression in fixed medium Copyright –Copy, distribute, make derivatives –Beware of other’s rights! Ownership of copyright at universities –Journals, articles, books, thesis –Courses –Software Open source/Creative Commons

5. Most Universities have a Royalty Sharing Policy Inventor’s share Other shares –University –Department –School –Lab account

6. If you get Federal funding… Bayh-Dole –Government royalty free license –US manufacture –Preference for small businesses

7. If you get industry sponsored research Universities usually take title Industry wants: –Nonexclusive royalty free –Exclusive (royalty bearing?) –Confidentiality –Prepublication review

8. Universities worry about conflict of interest issues Research Students Start-ups Consulting

9. Privilege: one day per week Consulting Agreement –Usually company owns IP –Confidential information Scope of the Agreement –Probably keep as narrow as possible –University policies should prevail in case of disagreement –Some universities want to review/require disclosure

10. Life Sciences Physical Sciences Small Companies Large Companies How we see the world of licensing……..

11. Licensed Inventions Fiber Optic Amplifier ADSL IGBT FM Music Chip MINOS MRI Google

12. If you think you will invent…. Figure out policies Meet your Technology Licensing Office –Get to know them/they get to know you –Ask/Disclose early (before publication if you can) Patent and Licensing issues are complex! –Don’t let patents skew your academic career

13. Any Questions?