Page 20 - 2020 Startup Guide

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8. If the start-up is based on an innovation jointly
owned by FAU and another institution, what happens
to the innovation?
Typically, OTD enters into an Inter-Institutional Agreement whereby one of the institutions will take the lead in protecting and commercializing the innovation. This way a company can negotiate a single agreement with a license to both parties’ intellectual property rights.
9. If a start-up needs an innovation from another institution besides FAU, but the innovation is not jointly-owned with FAU, will the company need a
separate license?
Under most circumstances the company will need to negotiate separately with the other institution for a license. However, universities do sometimes package their innovations together in a single license agreement.
10. Can I continue to do research at FAU on the
innovation that is the basis of a start-up?
FAU always reserves the right to practice its innovations for research purposes. However, FAU employees may not be permitted to continue to develop an innovation at FAU for the benefit of a start-up in which the employee has a financial interest unless the conflict of interest
is appropriately managed.