As the designated technology transfer office for UW-Milwaukee (UWM), the UWM Research Foundation (UWMRF) is offering several options for Intellectual Property (IP) licensing tied to sponsored research conducted with industry partners. The goal is to make partnering transparent, fair, and with minimal negotiation, in order to focus on research, innovation, and bringing new products to market.
When a company is interested in conducting a research project with UWM faculty, they can lock in up-front specific royalty rates for a flat fee on top of the costs of the research. These rates are lower than the rates normally utilized for comparable deals for early-stage technologies. Companies with Wisconsin headquarters will be offered an up-front fee that is half of that for external companies. Any license will require that the company pays all patent costs. Royalties will only be paid to the university once the licensed product is proven to be successful, with a cumulative net sales of $20 million.
Details (also shown in the chart above)
If a company does not lock in the Panther Partnering rates at the time of signing the sponsored research agreement, a conventional license with standard comparable terms will be negotiated at a later date, when the project is completed. By deciding at the start of the project, the company and the university take the risk together to explore new research areas and work to create novel intellectual property and products.