How is the income received by SDSMT from technology transfer distributed?
Net income, that is gross income less patenting and any other direct costs, is shared between the Institute, the inventor(s) and GTRC. The current distribution of income is shown in the School’s Intellectual Property Policy (www……………………). The current distribution of net income is 50% inventor(s), and 50% to the School. The share of the income retained by SDSMT is firstly used to meet the costs of OIPMIL’s operations, including patent costs on those inventions which are not successfully commercialized, and any balance is used to further the Institute’s research activities. Is there any cap on the share of income received by the inventor(s)? No, there is no limit. They receive the full amount authorized by the School’s Intellectual Property Policy. In the event of an inventor’s decease while income from their invention is still being generated, their beneficial interest accrues to their estate.
Related Questions
- I Started Taking Applied Technology Courses Online and Had to Stop. Can I Transfer My Completed Class Credits for Certification?
- What happens if my pension fund has received a transfer of earlier rights from an overseas scheme?
- Is the wood energy system WETT (Wood Energy Technology Transfer) certified?
