MSUT’s flexible licensing approach enables your company to assess technologies to ensure they meet your objectives.
Since the office was formed in the spring of 2007, MSUT has successfully negotiated nearly 100 licenses with companies such as Winfield Solutions, Pearson, BASF Plant Science Company, and Michigan Crop Improvement Association. These licenses provide revenue for the licensee as well as the researcher and university and fund additional research and education.
Initial discussions between a company or entrepreneur and MSUT reflect a period of mutual evaluation, both of the technology as well as the ability of the company and MSU to work together successfully in commercializing MSU’s technology. As your company determines whether and how it might commercialize the invention, MSUT works with the MSU inventor to provide any necessary information to you.
If you determine a technology will meet your needs, we will work with you to structure a licensing agreement that is mutually beneficial.
Each licensing agreement is customized to the unique business opportunity presented and financial terms are determined based on the individual technology. All the while, we strive to complete the licensing process in a timely and efficient manner.
MSUT grants licenses on domestic and foreign patents and patent applications as well as copyrighted works. Licenses, which give rights to make, use, or sell an MSU technology, may be exclusive, partially exclusive (field or geographically limited for example), or nonexclusive.
All licenses are individually negotiated with the prospective licensee, and each license contains:
- terms concerning the use of the intellectual property
- a roadmap of steps for bringing the technology to market
- license duration
- royalties distribution
- requirements for periodic reporting
License Application Process
After you have identified a technology from our database of available technologies that you are interested in licensing, contact the technology manager listed with the technology description. If you are not sure who to contact, contact the main office at 517-355-2186 for assistance.
Please provide as much of the following information as possible with your inquiry:
- MSU case number of the invention (listed before the title on the description page) or patent number (if available)
- title of the invention
- your name and contact information and the organization requesting the license
- type of license requested (exclusive, partially exclusive, or nonexclusive) and any desired limitations (field of use, geographic)
- initial offer for royalty rate schedule, upfront fee, yearly minimums, and milestones
Once a match between your needs and MSU's interest is determined, you must submit a development/marketing plan. This document provides a detailed description of your plan for the invention, including:
- anticipated investment capital and other resources necessary to bring the invention to practical application
- capability and intention to fulfill this plan, including information on manufacturing, marketing, financial, and technical resources
- a timeline of key stps or milestones required to bring the invention to practical application
- a financial and/or annual report
- the previously prepared term sheet
- any other information the applicant believes will support the application
- a recent balance sheet and income statement
MSUT will incorporate all final agreement information into a formal license for signature by both parties.
Note: The forms and processes for both patent and copyright licenses are the same.