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<span style="font-size:larger"><span style="font-family:times new roman,times,serif">The Office of Technology Transfer and Intellectual Property Development (OTT) ([https://tulane.edu/ott/) aids https://tulane.edu/ott/])&nbsp;aids] to secure intellectual property of Tulane students and faculty and to advance commercial translation. When a student or faculty member discloses an invention or idea it is OTT's expertise to evaluate the commerical potential of the novel idea. Furthermore, OTT directs students accordinlgly on the appropriateness to start a venture based on market size, strength of intellectual property, ability of technology to penetrate the market, and the likelihood of the venture to raise necessary funds. OTT also connects the student and/or faculty inventor of local resources to move their venture forward. Importantly, OTT works hard to reach out to students and faculty and make them aware of OTT's services through entrprenurial seminars and local community activities.&nbsp;</span></span> == <span style="font-family:times new roman,times,serif">Intellectual Property Rights Summary for Inventors at Tulane</span><br/> == <span style="font-size:larger"><span style="font-family: times new roman,times,serif">The following points are applicable to inventions developed in the course of Tulane research:</span></span> *<span style="font-size:larger"><span style="font-family: times new roman,times,serif">Inventions that are conceived or reduced to practice under Tulane research will be disclosed to the Office of Technology Transfer and Intellectual Property Development.</span></span>*<span style="font-size:larger"><span style="font-family: times new roman,times,serif">Upon analysis of the technology, Tulane may elect to protect the technology by patenting or copyrighting it. In the event Tulane elects not to manage and protect the technology, it may be placed in the public domain through publication or other means or assigned to the inventor under applicable terms and conditions.</span></span>*<span style="font-size:larger"><span style="font-family: times new roman,times,serif">Tulane will retain the right to practice the technology for research and educational purposes.</span></span>*<span style="font-size:larger"><span style="font-family: times new roman,times,serif">For inventions that arise from federal support, Tulane will comply with the provisions of the Bayh-Dole Act, including providing the government with a non-exclusive royalty free license to such inventions.</span></span>*<span style="font-size:larger"><span style="font-family: times new roman,times,serif">Tulane will share Net Proceeds from intellectual property with inventors according to the <span class="CP___PAGEID_1934207">Tulane Intellectual Property Policy and Procedures</span>. Tulane will retain a portion of the Net Proceeds in order to further the research and educational mission of Tulane.</span></span>   <span style="font-family:times new roman,times,serif"><span style="font-size: larger">'''If inventors choose to sign an agreement with Tulane on their IP, Tulane will:'''</span></span> #<span style="font-family:times new roman,times,serif"><span style="font-size: larger">Market the invention</span></span>#<span style="font-family:times new roman,times,serif"><span style="font-size: larger">Negotiate a licensing agreement if a commercial partner is interested</span></span>#<span style="font-family:times new roman,times,serif"><span style="font-size: larger">Collect royalty payments and distribute as followed:</span></span><p style="text-align: center"><span style="font-family:times new roman,times,serif"><span style="font-size: larger">50% to the inventor(s)</span></span></p><p style="text-align: center"><span style="font-family:times new roman,times,serif"><span style="font-size: larger">15% to the department, section, or research activities of the inventor</span></span></p><p style="text-align: center"><span style="font-family:times new roman,times,serif"><span style="font-size: larger">35% to the campus where the inventor(s) has his or her appointment</span></span></p><p style="text-align: center"><span style="font-family:times new roman,times,serif"><span style="font-size: larger">15% to OTT Operation</span></span></p>