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MN-IP is a new and unique approach to the way the University of Minnesota handles intellectual property arising from research projects funded by business and industry partners. This approach eliminates the need for protracted negotiations over rights to intellectual property that may result from industry-funded research.
Companies sponsoring research at the university can pre-pay a fee and receive an exclusive worldwide license with royalties taking effect only in cases of significant commercial success. Agreements are available immediately to industry research sponsors.
MN-IP is the result of an initiative launched in 2010 under Vice President for Research Tim Mulcahy's leadership.
Staff from the Office for Technology Commercialization evaluated the university's approach, reviewed peer institution best practices, and consulted with researchers and members of the business community before formulating this innovative strategy.
The resulting MN-IP proposal was vetted with internal and external partners and received an enthusiastic response.