Licensing Revenue
All license payments are collected by Baylor Licensing Group. Payments received are distributed as follows:
Fifteen percent is deducted to support BLG's operations. Any direct expenses, such as patent costs that are not reimbursed by the licensees, are also deducted to yield the Net Income.
The Net Income is then distributed as follows:
- 50 percent to the developer(s) of the technology,
- 25 percent to the developer's department,
- 25 percent to the Baylor General Fund
If the research was partially funded by a non-profit or private foundation, it is possible that the license revenue will be shared with the foundation. These sharing arrangements are also negotiated by BLG. BLG tries to minimize the impact of that sharing on the developer(s) and department(s) share whenever possible. Likewise if the technology is a result of collaborations with other academic institutions, BLG negotiates a revenue sharing arrangement with that other institution.
BLG may, at times, accept equity in lieu of cash as part of the license fees. This equity is distributed the same way as if it were cash license revenue.