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Incentives

Incentive to Submit Invention Disclosures

DATE:              January 6, 2014

TO:                  All Faculty

 FROM:            Dr. Bill Covington

                       Associate Vice President for Research

SUBJECT:        Incentive to Submit Invention Disclosures

 As you know, Texas State University is a Rising Star on the entrepreneurial and commercialization horizon in Central Texas.  As an incentive to help increase the entrepreneurial and commercialization efforts at Texas State, the Office of Commercialization and Industry Relations is  announcing a stipend of $250 (up to a total of 10) to a lead inventor who submits an Invention Disclosure Form in the period January 2014 through August 2014 and has their Invention Disclosure recommended by the Intellectual Property (IP) Committee to file a patent application. The IP Committee will review all Invention Disclosures and make a recommendations regarding the university's interest in filing patents. Once the action to file is taken the stipend will be made to the lead inventor.

 The Invention Disclosure Form can be obtained at the following link:

 http://www.txstate.edu/ocir/For-Inventors/Invention-Disclosure.html  

 If you have any questions or need any help, please feel free to contact Dr. Reddy Venumbaka at (512) 245-2672 or via e-mail at reddy@txstate.edu


DATE:              September 18, 2012

 TO:                   All Faculty

 FROM:             Dr. Bill Covington

                         Associate Vice President for Research

 SUBJECT:        Incentive Award Program to Establish a Spinout Company

 
As many of you know Texas State has become a Rising Star on the entrepreneurial and commercialization horizon in Central Texas.  A tangible example of this is the establishment of the Science, Technology, and Advanced Research (STAR) Park.  The STAR Park is a 38 acre site that will host STAR One, Texas State’s first building, dedicated to the university’s research and commercialization efforts.  This 20,000 square foot facility, will serve as a technology incubator/accelerator for start-up and early-stage businesses.

 

To increase the entrepreneurial and commercialization efforts at Texas State, we would like many of our own faculty to be occupants of STAR One with start-up and spin-out companies of their own.  To help encourage these efforts, with funding from our Emerging Technology Grant, I would like to announce an incentive program at Texas State; we will award $5,000 each to up to five faculty members who establish a spinout company that receives at least $500,000 in equity investments during the duration of the ETF grant which is through 2016.  The $5,000 can be used to support any university approved areas of research and commercialization, including salary, which are related to the spin-out company.

 

If you have any questions, please feel free to contact my office at 245-2314.