The Center for Technology Licensing (CTL) is Cornell University's technology transfer office. We manage technology for Cornell's Ithaca campus, Weill Cornell Medicine, Cornell Tech, and Cornell AgriTech in Geneva.

FastTrack for Engineering/Physical Sciences

 

Applicable Technology fields:

Semiconductor, electronics, non-biological chemistry and materials, energy, optics, photonics, MEMS/NEMS

Key financial terms for the Exclusive License

Equity 4% non-dilutable through subsequent equity financing aggregating $2 million OR 1% non-dilutable until Change of Control
Upfront Payment $0
Royalty 2% of Net Sales* without Anti-Stacking term OR 3% of Net Sales* with Anti-Stacking term (potentially down to 1.5%)
Sublicensing Pass through royalty**, then 15% of other sublicense income OR No pass through royalty**, then 25% of all sublicense income
Milestone Payment $0
Annual Fee

(Creditable against royalties within the same year)

1-4 years: $0

5-6 years: $15K/year

Annual after: $40K/year

Patent Expenses Reimbursement of all past Patent Expenses, plus the first $5,000 in future patent expenses, will be deferred up to 2 years.

(For any startup companies that elect to locate their principal operations in Tompkins County, NY, Cornell will increase the $5,000 to $20,000 and extend the 2 years to 3 years.)

* For products based on licensed Cornell technologies
** Pass Through Royalty means the sublicensee applies the same royalty rate to its Net Sales as the licensee

 

Agreements

 

Reports