Page 33 - Innovator Handbook
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What can I expect to gain if my innovation is licensed?
Per the FAU Intellectual Property Policy, a share of the financial
return from a license is provided to the researcher(s) who created the innovation. In addition, researchers enjoy the satisfaction of knowing their innovations are being commercialized for the benefit of the public. New and enhanced relationships with industry are another outcome that can enhance your teaching, research and consulting.
What is the relationship between a researcher and a licensee, and how much of my time will it require?
Most licensees need some active assistance by the researcher to facilitate their commercialization efforts. This can range from infrequent, informal contact to a more formal consulting relationship. Working with a startup can require substantially more time, depending on your role at the company and your continuing role within FAU. Your participation with a startup is governed by FAU conflict of interest policies.
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