Division of Net Royalty and Proceeds: Difference between revisions

[[Science/Technology Committee]] | [[Royalty/Equity Distribution]]

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POLICY NO : '''7001'''<br />

EFFECTIVE DATE: '''03/16/05'''<br />

REVISED DATE: '''02/10/10'''<br />

REVIEWED DATE: '''02/10/10'''<br /><br />

<big>'''Policy for Royalty and Equity Distribution'''</big>

As per RP-4.4.2 Board of Regents Patent and Technology Transfer Policy, the University of Nebraska Medical Center (UNMC) is responsible for allocating non-inventor technology transfer proceeds according to its individual campus policy. These non-inventor proceeds consist of two thirds of the royalties and equity received in return for use of University owned intellectual property rights. Furthermore, [http://www.nebraska.edu/board/RegentsPolicies.pdf Regents Policy] no longer requires that a share of proceeds be distributed to the academic/administrative units of inventors. In order to best utilize non-inventor proceeds and to serve the objectives of the Regents Policy, UNMC shall allocate non-inventor proceeds on a case by case basis as determined by the Committee for Proceed Distribution. Those academic/administrative units having a connection to proceeds at issue shall participate to provide the Committee with information addressing their support of the underlying technology.<br />

== Membership ==