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:
“The most intellectual of men are moved quite as much by the circumstances which they are used to as by their own will. The active voluntary part of a man is very small, and if it were not economised by a sleepy kind of habit, its results would be null.”
—Walter Bagehot (1826–1877)
“I must feel pride in my friend’s accomplishments as if they were mine,—and a property in his virtues. I feel as warmly when he is praised, as the lover when he hears applause of his engaged maiden.”
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