STANDARD REVENUE SPLIT WITH WISYS
1.0 Introduction
WiSys Technology Foundation,
Inc., a non-profit organization, a wholly owned subsidiary of the Wisconsin
Alumni Research Foundation (WARF), is the designated patent and licensing
organization for new discoveries made by researchers at UW System institutions
other than UW-Madison. Established in July 2000, the mission of WiSys is to
provide protection for technology through patents or other methods, for UW
System faculty/staff discoveries and to negotiate license agreements that
enable industry to commercialize inventions from UW System institutions. WiSys
was organized to protect inventions made through UW System research and to
license those innovations to industry for the benefit of humankind, the
inventors, their campus, college, department and the UW System. As UW
scientists and researchers generate a steady flow of new discoveries, new
possibilities for helping industries and new avenues for generating revenue to
meet needs. The funds received through revenue on agreements helps to support
ongoing research programs via this policy. The services provided by WiSys are
at no cost to the inventor, who must be a UW employee. Each campus is
responsible for developing a policy for sharing the campus 40% share of the
revenue from licenses. The established WiSys standard for the overall split
is: 20% Inventor, 40% Institution, 25% WiSys, and 15% UW System. The purpose
of this policy is to identify the disbursement on the Stout campus of the 40%
institutional share.
WiSys makes WARF’s 75 years of
experience available statewide under a service agreement with WARF. WiSys
adds new dimensions to technology transfer and economic development efforts
throughout the State. This includes collaboration with the Small Business
Development Centers “SBDC”, and other technology transfer and business
development entities.
2.0
Relation to UW System Intellectual Property (IP) Policy
2.1 UW System
faculty and staff own their own IP in absence of federal funding or
requirements of industry sponsors. Patents resulting from research projects
funded by the federal government are subject to the Bayh-Dole Act. (35USC
200et.seq.; UW FAP G2 and G27)
2.2 Copyright
protection encourages the creative efforts of authors, artists, and others by
securing the exclusive right to reproduce works and derive income from them.
Copyright is created automatically once an original effort has been started
and some aspect of it has been fixed in a tangible medium. Copyright can also
be registered for additional protection and notice to potential infringers.
2.3 Trademark
Protection functions to increase distributional efficiency by making products
easy to locate without confusion, identifying the source of goods and services
for customers preventing competitors from using marks that may cause a
likelihood of confusion.
3.0
Statement of Policy
3.1
The 40% split at UW-Stout will be allocated in the following manner:
3.1.1 50% to
the Inventor
3.1.2 25% to
the College
3.1.3 25% to
the University
3.2
The following guiding principles are to be followed in the allocations:
3.2.1
The campus formula is designed to support and provide incentive for
discoveries by UW-Stout faculty/staff.
3.2.2
The 25%to the College and the 25% to the University are to be used to
support research and related activities.
3.2.3
The 25% College share is to be split between related Departmental,
Institute and College needs with the decision being made by those involved.
4.0
Implementation
At UW-Stout,
the unit of Research Services is the central institutional unit for processing
and managing the records of contractual arrangements on the selling side, which
includes Confidentiality Agreements, Sponsored Research Agreements, Work for
Hire Agreements, and Licensing Agreements including Copyright and Trademark.
Research Services is assisted by UW-System legal staff in the General Counsel’s
office and by WiSys.
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