How is revenue from any commercial licensing of UAB innovations distributed?
License revenues received are distributed quarterly according to the following UA and UAB policies. By UA policy, fifteen percent (15%) of gross license revenues are retained by the UABRF to cover administrative costs, and any expenses incurred patenting the IP. UA policy authorizes each campus President to determine the distribution of remaining (net) license revenues. By UAB policy, for each license agreement: If there are multiple innovators involved, the distributed funds are allocated to the innovators, departments and schools according to the Revenue Distribution agreement submitted and signed at the time of disclosure. Quarterly distributions are made within 30 days of the end of each fiscal quarter. UAB Innovators are paid by check. Departments and schools are paid by transfer between University Accounts. Back May I, as the inventor, patent and commercialize the intellectual property myself? In some cases, but there are many risks to you and the University. The UABRF is in favo
