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Friday, February 08, 2013

Ind. Law - "Purdue opens up intellectual property rules for students"

From the Purdue Office of Technology Innovation, a statement today that begins:

WEST LAFAYETTE, Ind. - Purdue University student inventors will own their innovations thanks to a new interpretation of the university's policy governing intellectual property.

"We're out to foster a culture of entrepreneurship that extends from the newest freshman on campus to the most senior faculty member," said Purdue President Mitch Daniels. "If you have a great idea, Purdue is the place to develop what's in your mind and take it to the market."

Interpreted strictly, the intellectual property policy states any invention created with the use of Purdue resources is subject to university ownership. The new interpretation offers students clear ownership rights as long as the resources used were part of a course and were available to all students in the course; that the student was not paid by the university or a third party; and the class or project was not supported by a corporation or government grant or contract.

"We have a large number of students who come here with great ideas or develop them with the friends they make in classrooms and laboratories," Daniels said.

The ILB has emphasized the term "new interpretation." This is apparently in lieu of actually amending the policy.

Here, in contrast, is MIT's readily available policy on ownership of intellectual property.

Posted by Marcia Oddi on February 8, 2013 12:41 PM
Posted to Indiana Law