PASSAGE TEXT: Faculty researchers, particularly in scientific, engineering, and medical programs, often produce scientific discoveries …
Paragraph Summaries
- Universities want to profit from faculty inventions, but researchers may leave for companies if universities are too restrictive. The challenge is creating IP policies that encourage both university benefit and faculty entrepreneurship.
- Chew identifies four types of university IP policies:
- Supramaximalist schools claim ownership over almost all faculty inventions.
- Maximalist schools claim most inventions connected to employment or university resources.
- Resource-provider schools claim rights only when significant university resources are used.
- These policies often treat faculty ownership as a privilege granted by universities, even though common law generally supports faculty owning their own inventions. Despite the uncertain legal basis, most universities still use policies that maximize institutional ownership and royalties.
- The fourth, faculty-oriented model, takes the opposite approach: researchers own their inventions unless the university made substantial contributions or the invention involves certain public-interest areas. This gives faculty the most freedom to commercialize their work.
Analysis
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