Rewards and Benefits

Not only does an inventor reap rewards, but society and the inventor’s institution benefit from the transfer of knowledge and technology to the private sector. Below are some of the benefits:

• Recognition and enhanced credibility for the inventor or creator

• Generous monetary reward for the inventor (see OSU Policies Nos. 1-0201 and 1-0202)

• Revenue to the inventor’s department and college

• The licensee may provide funds for additional research and development, which can provide continued practical experience for students.

• Expansion of the economy

• Contribution to the public good through improved products, processes, and services