LICENSING A TECHNOLOGY
Several of our technologies are available for license. It could be the missing piece to take your company to the next level, and we can’t wait to share it with you. With $64 million in externally funded research, WSU innovators have generated a diverse portfolio of latest inventions.
LICENSING WSU INNOVATIONS
In certain situations, we sell the technology, but it’s most common for us to license it. A license is the best way to ensure we not only meet our obligations as a public entity, but that everyone receives fair value as well.
When negotiating a license, we strive to be flexible to account for uniqueness in technologies and business arrangements. Each technology or inventive work has its own set of features and benefits; the individuals and companies with which it best fits varies accordingly. We work hard to understand your needs, and will pursue a license agreement that accomplishes the objectives of all parties.
LICENSE AGREEMENTS WILL TYPICALLY HAVE TERMS SUCH AS THE FOLLOWING:
- Signing fee
- Running royalty
- Milestone payments
- Annual minimums
ADDITIONALLY, WE’LL WORK WITH YOU TO REACH AGREEMENT ON NON-FINANCIAL ASPECTS, INCLUDING:
- Development milestones
- Patent prosecution
- Patent enforcement
- Reporting requirements
- Insurance requirements
If you’d like to talk about obtaining a license for a technology offered through WSU Ventures, contact us.
For the next step in licensing your WSU Innovation, visit the Forms and Agreements page.