Word: patenting
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Dates: during 1990-1999
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...income from a patent is more than $50,000, 25 percent of the income goes to the inventor, 20 percent to the inventor's lab, 20 percent to the inventor's department and 20 percent to the inventor's school, Brinton says...
Stanford's Office of Technology Licensing has a similar breakdown, although it garners patent royalty income of $38 million, compared, to Harvard's $5 million per year. Stanford's royalty income is growing at the same rate as Harvard...
Harvard's OTTL not only oversees the patent creation process, which can take anywhere from two to seven years, but stays in close contact with the companies which hold the patent licenses, Brinton says...
...Patent Licensing...
Licensing a patent to a company can be a complex legal process. While he was provost, Leverett Professor of Political Economy Jerry R. Green headed the Committee for Science Policy, which looked at the relationship between the for-profit world and research funding...