Revenue Distributions Relating to Separated Faculty, Statement on

Title: Revenue Distributions Relating to Separated Faculty, Statement on
Policy Owner: Office of Economic Development
Applies to: Faculty
Campus Applicability:
Effective Date: August 5, 2012
For More Information, Contact Office of Economic Development
Contact Information: (860) 486-4792
Official Website:

 

 

Statement on Revenue Distributions Relating to Separated Faculty

The current University of Connecticut policy provides that our faculty inventors share in revenue generated by their discoveries. The policy states that such invention-related income is allocated according to the following formula:

33 1/3% to the Inventor(s) as personal income (Multiple Inventors share
the income).
33 1/3% to be further subdivided as follows:
50% to the Inventor(s)’ research program to be administered through an
account set up by Office for Sponsored Research. (This allocation is only available to Inventor(s) having an active research program at the University)
30% to the Inventor(s)’ primary academic unit (department) or other
administrative unit to be administered by the Director or Department Head.
20% to the Inventor(s)’ school or college to be administered by the
Dean.
33 1/3% to the University of Connecticut.

Historically it has been the practice of CSTC to direct the 50% designated for the inventor’s research to the University in those cases when the revenue generated was derived from an invention created by a faculty member that was no longer at UConn.

It has been determined that in the interest of increasing both inventive activity and commercialization of technology, the critical support of our deans should be further recognized. To that end, effectively immediately, the portion of the revenue that would have gone to the inventor’s research program (50% of the 33 1/3%) will be shared equally between the appropriate Dean and the University.

 

 

OED statement 4.12

Statement Created: April 5, 2012