Industry Sponsored Project Agreement PDF - Lawrence Tech has developed a master agreement to assist academic departments in administering industry-sponsored projects in which students are involved.
Faculty members should refer to "The Researcher Guidebook," published by the University-Industry Demonstration Partnership at Georgia Tech for best practices in industry-academic partnerships.
Industry Sponsored Capstone or Sponsored Research?
Industry Sponsored Capstone Project (INSTRUCTION) | Sponsored Research (RESEARCH) |
Education-Focused Sponsors and faculty share a mutual interest in providing practical experience to students in accordance with LTU’s motto of Theory + Practice.
| Research-Focused Sponsors seek faculty to perform research that is of mutual interest and benefit. Students may also receive valuable research experience.
|
Course Credit for Students Delivered and embedded in Coursework. Student receives course credit for project completion. Students are unpaid. | Stipend or Hourly Pay for Students Delivered outside of Coursework. Students are paid a stipend or hourly wage for work on Sponsored Research Agreement.
|
Concurrent with Academic Calendar Student project work runs concurrently with the academic calendar and requirements for Capstone Courses. | Independent of Academic Calendar Research projects are independent of academic terms, period of performance is determined by the agreed scope of work. |
Master Agreement with No End Date Master Agreement terms govern ALL forward-going work with a sponsor for student projects. This is convenient for on-going work with a Sponsor covering multiple academic periods and projects. A Project Agreement outlines a performance period for the specific project. | Agreement for Specific Performance Period Research Agreement is specific to the scope of work and time period. However, agreements may be extended by mutual agreement either for no-additional cost, for additional cost, or for a modified Scope of Work. |
Fee or Sponsorship = Fixed Amount + Materials and supplies as necessary The project budget is a fixed fee for each semester. A project can be one-semester long or multiple semesters. If needed, additional coverage for direct supplies & materials may be requested.
| Budget = Direct Cost + Indirect Cost or a Fixed Price for Performance The project budget includes reimbursement for direct cost + indirect cost recovery allocated to faculty, college, research, and university. The budget may also be a fixed price for deliverables or performance.
|
Intellectual Property Owned by Sponsor Intellectual property produced as a direct result of the project is owned by the Sponsor, subject to LTU’s right to use for 1-year for internal, non-commercial purposes.
| Intellectual Property Jointly Owned Intellectual property produced as a direct result of the research is jointly owned as the default agreement condition. IP terms are subject to negotiation as fitting the circumstances.
|
Publication may be delayed up to sixty (60) days for patent filing by Sponsor Notification to sponsor 30 days in advance required. Thirty-day period of review for proprietary matter and request for its removal. Additional 60 days to file a patent.
| Publication may be delayed up to thirty (30) days for patent filing by Sponsor Notification to sponsor 30 days in advance required. Thirty-day period of review for patentable matter. Additional 30 days to file a patent.
|
Contact
Kathryn Wrench, MBA, CRA
Executive Director
Sponsored Research and Institutional Grants
E kwrench@ltu.edu
P 248.204.3067
O 21415 Civic Center Drive, Suite 200, Building 18-South