Intellectual Property
Companies sponsoring the Lab at the "consortium" level or higher can share in the Lab’s intellectual property without paying license fees or royalties. Non-sponsors are precluded from making use of Media Lab developments for at least two years after technical disclosure is made to MIT and Media Lab sponsors. The Media Lab generates approximately 20 new patents every year.
Read more about this topic: MIT Media Lab
Famous quotes containing the words intellectual and/or property:
“Today’s pressures on middle-class children to grow up fast begin in early childhood. Chief among them is the pressure for early intellectual attainment, deriving from a changed perception of precocity. Several decades ago precocity was looked upon with great suspicion. The child prodigy, it was thought, turned out to be a neurotic adult; thus the phrase “early ripe, early rot!””
—David Elkind (20th century)
“The second property of your excellent sherris is the warming
of the blood.”
—William Shakespeare (1564–1616)