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Yale University today announced changes to its patent royalty sharing practices to further encourage the translation of faculty research into products and services that benefit society.
Beginning Oct. 1, the university will distribute 100% of net revenue generated by new technologies to Yale researchers and university units responsible for inventions, said Provost Scott Strobel and Vice Provost for Research Michael C. Crair in a press release. message to faculty.
Inventors will receive a higher percentage of revenue, and funds will be distributed in fixed percentages directly to the lab, department, and school where the invention originated.
To date, inventors of patentable academic intellectual property (IP) have received a share of licensing revenue, and the remainder has been retained by the university to fund its technology transfer operations and other general research support. research.
“At Yale, we are always looking for ways to better support our scholars and help amplify their impact,” Strobel and Crair wrote in their post. “Your ideas and groundbreaking work are essential to our mission to improve the world.”
At the highest level – licenses generating at least $200,000 in revenue – Yale inventors will receive 30% of the revenue share, up from 27% previously, and the inventor’s lab and department will receive 15% each, from new additions to university practices. The remaining 40% will be distributed to the inventor’s school.
“Faculty entrepreneurs are the heart of our innovation ecosystem here at Yale, and this change marks an important step in our continued development of an entrepreneurial culture on campus,” Strobel and Crair wrote. “We appreciate your partnership and the work of the Yale Ventures team to facilitate the transfer of new inventions to market and to support a strong and extensive pipeline of Yale discoveries that will benefit society.
The changes will apply to future income from inventions disclosed to Yale Ventures beginning October 1. The past practice of patent royalty sharing will continue to apply to inventions disclosed before that date. Additional details can be found at the Yale Ventures website in the “Patent Policy” section.
Launched in April, Yale Ventures supports and grows innovation and entrepreneurship across the university and throughout the greater New Haven area. Her work includes helping to translate academic research into products, services and social enterprises.
“We are very grateful for the support of Chairman Peter Salovey and Provost Strobel in making this allocation change possible,” said Josh Geballe, Senior Associate Provost for Entrepreneurship and Innovation and Managing Director of Yale Ventures. “At Yale Ventures, we are ramping up programs, streamlining processes and adding staff to provide support to our hard-working professors and research staff who are eager to see their inventions have real impact. We hope these changes will result in more Yale scholarships having a positive impact on the grand challenges we face, from preventing and curing disease, to solving the climate crisis, to leading the era of quantum computing, to further improvements in global prosperity and quality of life.