Those disclosures that pass certain approval criteria will he assigned to the LSU System s patent attorneys for patent prosecution. Acts as liaison between inventors and patent attorneys. Publicizes and solicits commercial interest from outside business and industry for UNO technologies. Negotiates licenses with interested entities. Licenses typically call for an up-front, nonrefundable licensing fee, a running royalty based on sales, and minimum royalties.
Licenses sometimes provide for research grants as well.
Distributes royalty income.