Transcript Royalty Distributions

ROYALTY DISTRIBUTION AT UTHSC

UTRF’s budget covers all technology transfer expenses.
(Patent, copyright, legal fees, marketing, etc.)
Gross
Revenue
Inventor
UTHSC
Department
UTRF
$0-$5k
100%
0%
0%
0%
UTRF Expense Recovery
$5k-$1M
40%
15%
15%
30%
$1M+
35%
20%
20%
25%
Net
ROYALTY DISTRIBUTION AT UTHSC
• UTRF accountants prepare distributions
quarterly.
• Inventor payments sent directly to each
individual.
– 1099’s sent each year for tax purposes.
• Institutional payments sent to business
managers.
– Cover letter will detail which invention/PI
generated the funds.
ROYALTY DISTRIBUTION AT UTHSC
• Institutional royalties are basically unrestricted
funds for use by the recipient unit.
– “Royalties… will be utilized for the support of
scientific research or education;”
37 CFR 401.14(k)3
• No reporting back to UTRF is necessary.
• If sponsor required payment (some foundations) UTRF
will have handled it.
CONTACT INFO
Richard Magid
[email protected]
910 Madison, Suite 827
448-1562