Licensing LSU Technology
To license a technology contact OIPCD. As with any other company interested in commercializing an LSU technology, your company must negotiate a license. Licensing is a business decision and your role as an LSU employee will have no special incentives or deals.
Your company will need to have a business manager who is not affiliated with LSU to negotiate the license. As a LSU employee, you may not negotiate with LSU on behalf of your company. Before the license can be signed the LSU faculty inventors/company founders must obtain PM-11 and PM-67 approval.
If your company does license an LSU technology, it can expect the license to contain any or all of the following financial considerations:
- An initial licensing fee
- Royalties on sales
- Patent and future cost reimbursement
- Milestone payments
- Royalties from sublicenses
As a public university, LSU cannot assume the risks associated with a private business. At the appropriate time, your company must acquire insurance, which names LSU as a co-insured, in an amount suitable for your company’s industry.