Office of Commercialization
OFFICE OF COMMERCIALIZATION
The Washington State University Office of Commercialization (OC) administers development of University inventions (see also 35.50). OC distributes royalties and other payments as described in the Faculty Manual sections regarding intellectual property and patent policy.
The University allocates to the Office of Commercialization 80 percent of the first $250,000 of royalties allocated to University pursuant to Section IV.G of the Faculty Manual, in any given fiscal year. "Royalties allocated to University" are the University's portion of the royalties distributed in accordance with the terms of the Faculty Manual in existence at the time of invention disclosure to the University. EXCEPTION: Royalties payable from agricultural commodities are not considered royalties payable to the University for the purposes of this section.
The deduction is the "Commercialization Fund" and is intended to provide funding for activities related to research, technology, and the commercialization of University-owned inventions, created knowledge, and technology-into-use, as required by federal law. (37 CFR 401)