University of Pennsylvania inventors will now be paid their cut of licensing fees faster while also benefiting from a reduced initial deduction.
University of Pennsylvania’s tech transfer office, Penn Centre for Innovation (PCI), unveiled an updated licence payment policy yesterday to ensure university inventors are better incentivised.
PCI decided to slash the amount that the university initially deducts from collected licensing fees to 10% from 14.5% to reflect the increased revenues being generated from University of Pennsylvania research.
The TTO will also process the inventor’s share of licensing fees on a quarterly basis rather than an annual one, so long as the…
