This document describes royalty distribution for license agreements.
WARF's Royalty Revenue Sharing Program
WARF shares the royalty revenue generated by a licensed technology with the technology's inventor(s), the inventors' academic departments, and the UW-Madison Graduate School. The following is a general description of how royalties are divided among these entities.
For licensing income resulting from patents and non-copyrightable technologies, the inventor or inventor group receives 20% of the gross royalty revenue generated.
For licensing income resulting from non-patented copyrightable works, specifically computer software, the author or the author group receives 40% of the gross royalty income generated for the first $100,000 per license; for income over $100,000 per license the author or the author group receives 20% of the gross royalty income generated.
In the case of multiple inventors/authors, the share is split equally among all inventors/authors. Payments are made to the inventors/authors in the month following the receipt of the royalty payment.
WARF's Annual Grant to the UW-Madison
WARF's grant to the university is unrestricted, meaning the university can spend the gift as it sees fit. The following is a general description of how different portions of the grant are allocated.
Department Share of the Annual Grant
The inventors' academic departments receive a grant equaling 15% of the gross royalties generated by the licensed technologies. If applicable, department share can be split among multiple departments.
Graduate School Share
After the inventor and department shares have been allocated, the remainder of WARF's annual grant is distributed by the UW-Madison Graduate School to support a variety of projects and programs each year, including:
- The Graduate School Research Competition
- The Romnes Early Career Awards
- Kellett Mid-Career Awards
- Named professorships
- Graduate fellowships
- Campus building projects
|Keywords:||royalties, royalty distributions, licensing revenue, department share||Doc ID:||33006|
|Owner:||SARAH C.||Group:||Office of the Vice Chancellor for Research and Graduate Education and Graduate School|
|Created:||2013-08-27 09:29 CST||Updated:||2014-08-12 10:26 CST|
|Sites:||Office of the Vice Chancellor for Research and Graduate Education and Graduate School|
|Feedback:||0 0 Comment Suggest a new document|