A New Approach to IP Management: The Penn State University Research Model

Penn State has made two significant changes to the manner in which it deals with IP and industry sponsored research. First, for new research that is industry-sponsored the university will cede ownership of the IP to the sponsor. Second, in those cases where the university must retain ownership of the IP (as in instances of federal research funding), the university will offer the new "Penn State Two Step" licensing option in which the industry sponsor may take a licensing option on the IP at a fixed price, thereby reducing risk and uncertainty.

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