9.6.6 Intellectual Properties

The Intellectual Property Office at Michigan Technological University (MTU) facilitates the efficient transfer of knowledge and technology from the MTU campus to the private sector. The Intellectual Property Office works with inventors (which include MTU faculty, graduate students, and research staff) and industry to facilitate licensing agreements for technologies developed at MTU. The Intellectual Property Office will review, with the assistance of the Intellectual Property Committee, invention disclosures and software disclosures and make recommendations as to whether a disclosure should be accepted or returned to the inventor(s) or author(s). The persons making such disclosures will be informed of the Office's action within 45 days for software disclosures and 60 days for invention disclosures. Those disclosures accepted for the University will be processed by the Office and licensed with the assistance of the inventor(s) and author(s).

Terms and conditions for licensing agreements are negotiated on a case-by-case basis. Often, additional research and development is needed in order to bring a new technology to the marketplace. In consideration for corporate sponsored research, exclusive license and option-to-license arrangements can be negotiated.