A story by Xconomy’s Sylvia Pagán Westphal recently highlights a new approach to technology transfer licensing being taken by UNC Chapel Hill’s Office of Technology Development: The Carolina Express License.
At first glance, the agreement looks, as Westphal puts it, “not very sweet for the university.” UNC takes 0.75% of any exit transaction, but no equity, no milestones and only a 1% or 2% royalty. Here’s Westphal’s description of the UNC approach (including a witty juxtaposition of religious imagery):
“They call it the holy grail of tech transfer, though critics, I reckon, think of it more as heresy. Either way, it’s gutsy.”
To read the full, original article click on this link: Why Technology Transfer Offices Should Focus on Sponsored Research and Ignore Royalties « The RIC Blog
Author: Jeremy Grushcow
