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:
“Cruelty is, perhaps, the worst kid of sin. Intellectual cruelty is certainly the worst kind of cruelty.”
—Gilbert Keith Chesterton (1874–1936)
“Man was born rich, or inevitably grows rich by the use of his faculties; by the union of thought with nature. Property is an intellectual proposition.”
—Ralph Waldo Emerson (1803–1882)