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Technology Transfer Royalties
Royalty income for a particular technology is first applied to cover the associated patentning and licensing expenses before being subject to distribution. Royalty income in excess of such expenses is distributed to inventors, their departments and their colleges generally according to the following schedule (as set forth in OHIO policy).
The Net Royalties are divided as follows:
Less than $100,000 annually:
50% to the inventor(s)
15% to the department or originating unit
10% to the college of the inventor(s)
12% to the TTO
13% to the University
$100,000+ annually:
30% to the inventor(s)
20% to the department or originating unit
15% to the college of the inventor(s)
12% to the TTO
23% to the University
Department and college royalties must be used for research or educational purposes only and represent an important additional source of unrestricted funds for these entities. The TTO may at times accept equity in lieu of cash as part of the license issue fees. The University treats equity in lieu of royalties as royalty income and distributes according to the royalty distribution policy.
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