Money Changes Everything

Who sees the money?



Previous AE coverage of these issues:
www.emory.edu/
ACAD_EXCHANGE/1999/
decjan00/ideas.html

Money Changes Everything
Commerce, philanthropy, and the culture of the academy


"We should be more creative in thinking about how we reward people for what they've done."
Rich Rothenberg, Professor of Family and Preventive Medicine

"If I'm going to accept [the Sloan Foundation's] money in good faith, I have to minimally carry out their agenda."
Bradd Shore, Professor of Anthropology

University, Inc.
License income, patents, start-ups, and research expenditures for a selection of eleven institutions

Who sees the money?
Emory's recently revised intellectual property ownership policy

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Last May, Emory adopted a newly revised policy on the ownership of intellectual property developed at Emory and the disbursal of revenues from their marketing. According to the earlier policy, 40 percent of the net income went to the inventor, 20 percent to support the inventor’s research, and the remaining 40 percent went back to the university for research and education. The new policy is a much more complex affair, reflecting the increased pressure on institutions to generate income from inventions developed within their walls. The chart below shows how funds are now distributed.

Gross Revenue up to $25,000
Net Revenue up to
$4 million
Net Revenue
$4 million and over

Contributor Share

100 percent
33 percent
25 percent
Department Share
0 percent
33 percent
33 percent
School/Center Share
0 percent
10 percent
17 percent
President's/General University Share
0 percent
24 percent
25 percent

For more information and to read the entire policy, visit www.emory.edu/PROVOST/policy_bylaws/IP_policy.htm