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
• Equity
• 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.