For all revenue generated through the IGEM university research initiative and by IGEM funded research faculty the following is the priority of revenue distribution: (a) The revenue shall first reimburse the costs associated with commercialization expenses generated by any of the three (3) universities. (b) The university research faculty or IGEM university research teams shall be provided the prenegotiated portion of the commercialization revenue. The prenegotiated portion shall be determined by the universities collectively for those faculty involved in IGEM-funded research and individually by the employing university in all other situations. (c) Remaining funds shall be distributed according to the following priorities: (i) Up to twenty-five percent (25%) of the total remaining revenues shall reimburse the general fund for the current year expenses that were paid to support the IGEM research faculty teams or the IGEM research faculty that develop the commercialized product. (ii) Up to five percent (5%) of the remaining revenues may be deposited into the IGEM grant funds to support IGEM grants. The amount shall be agreed to by the university/universities and the council prior to distribution. (iii) The remaining funds shall be distributed to Boise state university, the university of Idaho and Idaho state university, with the moneys distributed based on the participation of the universities in the research project that generated the commercialization revenue.
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