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New policy affects new ideas at MUSC
Intellectual Property Committee
Patents. Inventions. Commercialization. Technology Transfer. Copyright.
What do all these have to do with you, the employees, students, and
visiting professors at MUSC/MUHA? New ideas or intellectual property
(IP) are the seeds that grow into commercial products. As part of the
MUSC/MUHA community, you are in a creation-rich environment with the
MUSC Foundation for Research Development (FRD) available to help you
evaluate your IP for potential commercialization and patentability.
In light of the changing environment in the nation and at universities
to bring academic research into fuller use by the general populace via
technology transfer and commercialization efforts, MUSC Provost John
Raymond, M.D., charged the Intellectual Property (IP) Committee to
review and revise the IP policy accordingly. The committee is composed
of a diverse group of inventors, researchers, clinicians, and chairmen
whose collective expertise and experience cover areas vital to
discovery and commercialization.
Before describing the process by which the IP policy was revised and
approved, you might ask, “Do I need to read this article? Who is
affected by the IP Policy?” Yes, you probably need to read both this
article and the IP policy. All employees of MUSC and MUHA (faculty,
nurses, technicians, administrative assistants, etc), all students,
visiting professors, visiting students, and all part-time workers are
under the auspices of the IP policy. If you have a new idea that in any
way relates to your work or study, it is covered by this policy, and is
to be reported to FRD if commercializing it has tangible rewards for
The lengthy process of revision began with the IP committee reading the
policy and comparing it to comparable institutions. Clear definitions
for intellectual property and ownership were drafted. Considerable time
was spent on distributions of proceeds and timelines. After a year’s
work, a proposed draft was discussed at meetings with the IP committee
and the administration. Refinements also were made before submitting
the document to the Faculty Senate Executive Committee. Steve Lanier,
Ph.D., associate provost for research, and Diana Vincent, Ph.D., chair
of the IP committee met and corresponded with the executive committee
and gave a presentation to faculty senate. After passing votes by the
Faculty Executive Committee, the document moved onto the faculty
senate. Before coming before the MUSC Board of Trustees, the revised IP
policy was voted on and approved by the full faculty, the deans’
council and the president’s council.
On May 15, at the trustees' quarterly meeting, the document passed its
final stage of approval. The effective date will be July 1.
Intellectual property with Record of Inventions (ROIs) completed on or
after July 1 will fall under this new IP Policy. All current
intellectual property and ROIs completed prior to July 1 are
grandfathered in under the previous policy.
For further information, an open presentation, “An IP Policy
Explanation Seminar,” will be given at noon June 24, in Room 419 of the
Clinical Sciences Building. The FRD Web site, http://frd.musc.edu/, contains links
to the IP policy as well as information about their services. Several
other links to the policies will be available; the faculty senate Web
and the Human Resources, Web sites at http://www.musc.edu/.
Friday, June 20, 2008
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