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 intellectual is a middle-class product; if he is not born into the class he must soon insert himself into it, in order to exist. He is the fine nervous flower of the bourgeoisie.”
—Louise Bogan (1897–1970)
“No man acquires property without acquiring with it a little arithmetic, also.”
—Ralph Waldo Emerson (1803–1882)