[thrownaway98723]

Thanks for the reply. I really believe in this technology that I've created and I want it to exist. I would like to be the person to make that happen, but if my universities gets all the IP, I just don't see it going anywhere. I'd rather give it all away for free to everyone then let the university control it.

[taylodl]

If your university were particularly malicious, they could sue you for giving away their intellectual property - after all, they have legal rights to it. It's also potentially career suicide if you ever wanted to pursue a career in academia.