RF Distributes Royalty Income to Inventors and SUNY Campuses

RF Financial Concepts 101 

Understanding the Business of the RF

Module 2: Understanding How the RF Uses Funds

RF Distributes Royalty Income to Inventors and SUNY Campuses

Royalty income that is derived from the commercialization of an invention is distributed to the inventor and the SUNY campus. A percentage of royalties from an invention goes to the inventor. The remainder is used to support SUNY research programs as outlined in SUNY's Patents and Inventions Policy. The Bayh-Dole Act requires that royalties must be used to support research and education.
 

What the Data Shows

Page 7 of the RF’s annual Operating Plan presents the gross royalties from licenses as well as the approximate share of royalties paid to inventors.

Academic standards portal technology to support K-12 education is an example of a licensed invention that generates funds.

The RF licensed the technology, which was developed at the University at Buffalo, to 3rd Learning. The portal technology, which provides educators access to standard-aligned teaching resources, has more than 500,000 registered users in New York, Pennsylvania and Texas as well as in Turkey. Several other states are considering using the portal technology.