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University of Minnesota will give intellectual property rights to industry research partners

from Minnesota Public Radio

The University of Minnesota plans to forgo its intellectual property rights when partnering with industry on research. U of M officials say contentious negotiations over who owns the rights to sell technology and products developed during industry-funded research has derailed a number of partnerships. Changing how it partners with business and industry. The university now proposes that industries that approach with research funding and pay a one-time fee (amounting to 10 percent of their research funding) can in return keep the intellectual property rights to any products or technology that result from the partnership. more

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