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Rethinking Intellectual Property Policies

By Scott Jenkins |

A philosophical shift in the way universities treat intellectual property (IP) resulting from industry-sponsored research could mean substantial benefits to companies in the chemical process industries (CPI). Specifically, large research universities in the U.S. are adopting, developing or considering policies designed to streamline the process of establishing research agreements and to transfer ownership of the IP resulting from industry-funded research to the sponsor. Industry-funded research often involves complicated research contracts and protracted negotiations over the terms related to IP that result from the research. Universities and companies alike have long been frustrated by the often time- and labor-intensive process. Now that is changing. The more flexible attitude toward IP and the simplification of research agreements are likely to increase the number of industry-university partnerships and offer significant new opportunities for companies that may not have considered academic partnerships before. At least two examples of universities that have already adopted re-modeled IP policy are demonstrating positive results. “The adoption rate [for flexible IP policy] is undoubtedly on the rise” among U.S. universities,…
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