Oklahoma's State Regents must include revenue-based ownership tiers and competitive inventor pay in a model policy for technology developed with campus help.
The State Regents' model policy links ownership shares to revenue from new technology and requires competitive pay for its inventors or discoverers.
The policies cover encouraging useful research and tracking its nature, results with potential legal protection, costs, and financial ties to private businesses.
The State Regents must include revenue-based ownership tiers and competitive inventor pay in a model policy. The policy covers technology developed at a state higher education institution or with its help, including work by faculty, staff, or students. Each institution's governing board may adapt the model policy if the changes do not conflict with this section.
The State Regents must establish policies for encouraging development and tracking research and related finances. These policies apply to institutions in Oklahoma's public higher education system and cover research done on campus or with institutional help. Encouraged development may involve work that is not eligible for protection under state or federal intellectual property laws. Policies created under this section must be reviewed every seven years to check whether they remain competitive with similar colleges.
No hearings or votes scheduled.