FastTrack for Software and Copyright Materials from Ithaca, Geneva, and Cornell Tech Campuses

Applicable Technology fields:

INCLUDED:

Software & copyright materials
(code, non-clinical complied data, not patentable)

* Examples for machine learning / AI technologies: Parameters, weights, configuration, Training Data & related Know How, Benchmarks

NOT applicable:

If there are patents and patent applications for algorithm, the Engineering/Physical FastTrack license can be used if desired or a custom license can be negotiated

Key financial terms for the Exclusive License

Equity 4% non-dilutable through subsequent equity financing aggregating $2 M
Upfront payment $0
Royalty No royalty
Sublicensing No sublicensing fees
Milestone payment $0
Annual fee 1 years: $0 Can convert to non-exclusive any time, no annual fees thereafter
2-3 years: $15K/year
Annual after: $40K/year
License remains exclusive

 

* Examples for machine learning / AI technologies: Parameters, weights, configuration, Training Data & related Know How, Benchmarks

If there are patents and patent applications for algorithm:
Existing Eng/Phy FastTrack license can be used if desired or a custom license can be negotiated.