Prior to 3/5/2008 the newsclips are available in a PDF archive.
News Clips 10/10/2013
USF pilot program offers revenue incentives for inventors
Source: Tampa Bay Business Journal, 10/09/13
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By Jane Meinhardt
The University of South Florida has launched a revenue incentive and cost sharing pilot program for university inventors.
The one-year program gives USF inventors the opportunity to increase their share of income from the licensing of their eligible inventions, according to a written statement.
It is a way for innovators to invest in the future of their inventions resulting from their research.
Participating inventors would pay 25 percent of all direct costs incurred by USF in protecting, maintaining, licensing and preserving patent rights in exchange for a 5 percent increase in net revenue for eligible inventions.
The potential return for inventors who participate could be substantial, based on commercialization of their technology, said Valerie McDevitt, assistant vice president for patents and licensing at USF, in a statement.
Eligible inventions may include new, issued or currently pending U.S. patent filings not jointed owned with another institution or entity. Participation requires execution of a non-negotiable revenue incentive agreement.