THE CENTER FOR RESEARCH INNOVATION
Accelerating the Real-World Impact of Northeastern Inventions
CRI aims to boost venture creation and research impact through the new Express License initiative. The Express License streamlines the contract process by eliminating time consuming negotiations, allowing entrepreneurs to quickly secure a license and move forward with their venture. Through predefined license terms and a shared success model, the Express License empowers entrepreneurs to focus resources on accelerating growth.
- ZLicensed technologies must be solely owned by Northeastern University and no other institutions, companies, or individuals
- ZThe CRI must have filed a patent application on the technology
- ZA detailed business plan must be submitted prior to license execution
- ZThe Express License has standard terms to speed execution and minimize negotiations
- No upfront fees for Northeastern faculty, staff, students, alumni
- Exclusive worldwide license with the right to sublicense
- Patent reimbursement costs are deferred to assist with cash management
- Reasonable royalty rates and equity terms.