§70-3206.3. Policies relating to research and development in
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technology in cooperation with private entities.
The Oklahoma State Regents for Higher Education shall:
1. Establish, pursuant to the requirements of this paragraph, a model policy, which to the extent not inconsistent with this section may be adapted by the governing board of regents for each institution within The Oklahoma State System of Higher Education, regarding:
a. the use of facilities, whether consisting of real
property, personal property, intangible personal
property, or any combination of such properties,
within The Oklahoma State System of Higher Education,
for the purpose of conducting research, the principal
purpose of which is to develop or refine a product,
process or idea in cooperation with a private business
entity in order to market the product, process or idea
for profit,
b.
the investment of value available to institutions
within The Oklahoma State System of Higher Education,
in private business entities or the receipt of royalty
income from a private business entity, or both, in
conjunction with research and development conducted on
the premises of or with the assistance of institutions
within The Oklahoma State System of Higher Education,
its faculty, staff or students,
c. a method to inform the faculty, staff, students and
third parties conducting research on the premises of
or with the assistance of the faculty, staff or
students of an institution within The Oklahoma State
System of Higher Education of the policies developed
pursuant to this paragraph, and
d. the extent to which professors and other faculty and
students at institutions within The Oklahoma State
System of Higher Education may acquire property
interests in technology developed on the premises of
or with the assistance of an institution within The
Oklahoma State System of Higher Education or a
property interest in the revenues derived by the sale,
marketing, licensing or other disposition of
technology by an institution within The Oklahoma State
System of Higher Education or by a private business
entity conducting research or engaged in the
development of technology on the premises of or with
the assistance of an institution within The Oklahoma
State System of Higher Education; and
2. Establish policies for institutions within The Oklahoma State System of Higher Education to:
a. encourage development of a product, process or idea,
whether or not the product, process or idea is
protectable under the intellectual property laws of
the United States or of this state, and to encourage
the institutions to take such actions as may be
appropriate in order to promote the development of
products, processes or ideas having a potential for
the improvement or advancement of:
(1)medical technology,
(2)biotechnology,
(3)energy technology,
(4)telecommunications technology,
(5)chemical technology,
(6)industrial technology, and
(7)such other technologies as are deserving of the
resources and assistance available through
institutions and the faculty and students of
institutions within The Oklahoma State System of
Higher Education,
b. develop appropriate methods to maintain a system for
recording the nature of research being conducted at
institutions within The Oklahoma State System of
Higher Education and the results of research having
potential for protection pursuant to the intellectual
property laws of the United States or of this state,
and
c. develop a system to account for:
(1)expenses associated with research and development
conducted on the premises of or with the
assistance of an institution within The Oklahoma
State System of Higher Education,
(2)the financial relationships, if any, established
between those institutions and private business
entities,
(3)the acquisition of equity interests in private
business entities,
(4)the receipt of royalty income or other income
related to the sale or other disposition of
products, processes or ideas by institutions or
private business entities with which the
institution has established a financial
arrangement,
(5)the gains or losses upon the sale or other
disposition of equity interests in private
business entities, and
(6)such other matters relating to the income and
expenses associated with the research,
development, intellectual property protection,
marketing, distribution or other matters as the
State Regents determine to be appropriate. Added by Laws 1998, c. 211, § 2, emerg. eff. May 18, 1998.