Sponsoring Research: Minnesota Innovation Partnerships (MN-IP)
MN-IP: Minnesota Innovation Partnerships
Minnesota Innovation Partnerships, or MN-IP, is a groundbreaking approach to transforming discoveries into innovative solutions by streamlining partnerships between businesses and the University.
MN-IP improves access to University-developed technology while reducing the risk and cost associated with exclusively licensing intellectual property and sponsoring lab and clinical research.
Try & Buy
The Try & Buy program provides a low-cost, low-risk method for licensing existing University technologies. You can take available technologies for a low cost “test-run”—or even try them fee-free, if qualified—to test the whether the technology fits your company.
Try & Buy includes:
- Low-risk, low-cost trial to the technology with pre-set licensing terms
- A small fixed fee for the trial period with no other costs
- No U.S. patent costs due until the patent issues
- Royalty-free product revenue for the first $1 million
- Minnesota companies receive discounts for the trial period and royalty rate
- Exclusive worldwide license to the technology
For more on Try & Buy, contact Rick Huebsch, 612-626-3760, firstname.lastname@example.org
The Create program streamlines the process of sponsoring research and licensing the resulting technology. The program establishes industry-friendly terms up front and lets you control all patent filings associated with the technology developed during the research project. If you prefer, you can wait until the project is complete to license the technology.
- Exclusive or nonexclusive worldwide rights to the technology resulting from a research project
- One-time, upfront fee
- Royalties of 1 percent for exclusive licenses only if product sales exceed $20 million per year
- Royalty-free if for nonexclusive licenses
For more on Create, contact Leza Besemann, 612-625-8615, email@example.com
“The University of Minnesota has a unique approach in eliminating the need for protracted negotiations over IP by allowing the sponsoring company to pre-pay a fee and receive an exclusive worldwide license, and all associated royalties. By taking a flexible approach to negotiations, universities are trying to encourage more industry partnerships.”
U.S. Department of Commerce
“The U of M has looked a lot harder at what industry
needs and how industry wants to work with universities.”
Frank Thibodeau, CEO
Adama Materials Inc.
“The university's MN-IP program has been a great addition to their portfolio of offerings that promote industry collaboration...”
Jeff Montanye, Vice President RD&E,
Technology Partnerships & Development, Ecolab
“International Cardio Corporation has been collaborating with the University of Minnesota for over three years and it is great to see these MN-IP program actions to be even more open for business. Published pricing and Minnesota discounts should lead to quicker transactions to the benefit of the university and their commercial partners.”
Dennis Sellke, CEO & Chairman of the Board,
International Cardio Corp.
“Intellectual property issues are frequently cited as a barrier to industry-university collaborative development and commercialization of new technology. I believe the new approaches toward IP licensing that the University of Minnesota is taking represent a step toward fostering greater industry-university collaboration by significantly reducing or eliminating those IP issues.”
Karl Haider, Research Fellow, Industrial Operations, New Technologies, Bayer Material Science