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Policy & Procedure
Policy Title :
Intellectual Property Policy
Policy Number :
I. K-1
Responsible Party :
Human Resources
Effective Date :
05/12/2013
Revised Date :
_______________________

Purpose

To declare PMU guidelines with regards to The Intellectual Property Policy and ensure uniform interpretation and application of this policy.

Statement :

Intellectual property (IP) may include (but is not limited to) any invention, discovery, trade secret, technology, scientific or technological development, computer software, or other form of expression that is in a tangible form, regardless of whether subject to protection by patent, trademark or copyright laws, or as a trade secret related to “know how” in applying technology.

The university encourages participation by faculty in scholarly and creative and research activities, particularly those activities that enhance the fulfilment of their faculty responsibilities and serve the public welfare. While research conducted by university faculty members is aimed primarily at discovery and dissemination of knowledge rather than gains from commercial application, it is recognized that questions regarding IP rights may arise from such activities.

It is the intent of this and other policies related to IP to balance the interests of the university and the inventor, author, or creator of IP arising from scholarly and creative and research activities conducted by faculty members of the university. The university further seeks to ensure that inventions, discoveries and creative works are used and controlled in an efficient and prudent manner that will result in maximum benefit to the university and the inventor, author, or creator.   
In collaboration with the university’s research committee, the university administration will continually review and revise this and other policies related to IP. Among others, the issues addressed by these policies include:

  • Ownership and sharing of licensing and royalty fees. As a general principle, employee-created IP will be owned by the university if the IP is:  created by an employee within the scope of employment; created on university time with the use of university facilities or financial support; commissioned by the university pursuant to a signed contract; a result of research supported by third party sponsorship.
  • Responsibility for costs of patenting and licensing of IP normally assumed by the university but repaid from licensing and technology transfer activities.
  • Development of technology transfer strategies to encourage entrepreneurial developments.
  • Creation of incubators and technology accelerators for regional economic development