| I think its great the the university decided to change their IP policy. I know at my school it is brutal and discouraged a few students from doing ideas they think they could work on after graduating and maintain complete ownership of. For example here is how my University defines Patents (or IP) Inventions involving the use of funds, space, personnel, equipment or facilities administered by the University, but without any University obligations to others in connection with such support, are the property of the University. And the income? Let's just say you dont want to make a lot of money off of something you create. A.1 Schedule of Net Income Distribution For the first $10,000 of net income:100% to the inventor. For the next $500,000 in cumulative net income: 50% to the inventors, 25% to the Office of the Vice Provost for Research and Dean of Graduate Policy, 25% to the inventor's Institutional Unit(s) For the next $1,000,000 in cumulative net income: 40% to the inventors, 35% to the Office of Vice Provost for Research and Dean of Graduate Policy, 25% to the inventor's Institutional Unit(s) For cumulative net income in excess of $1,510,000: 25% to the inventors, 50% to the Office of Vice Provost for Research and Dean of Graduate Policy, 25% to the inventor's Institutional Unit(s) I wish more universities would follow in the footsteps of the University of Missouri at Columbia and be more relaxed on there IP rights. It would encourage students to produce better work and could possibly give the university a better name if the students work becomes popular. For example how many times have you read an article where it say "John Doe, a graduate of No Name University, created product while a student." |
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