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:
“There are so many intellectual and moral angels battling for rationalism, good citizenship, and pure spirituality; so many and such eminent ones, so very vocal and authoritative! The poor devil in man needs all the support and advocacy he can get. The artist is his natural champion. When an artist deserts to the side of the angels, it is the most odious of treasons.”
—Aldous Huxley (1894–1963)
“The diversity in the faculties of men, from which the rights of property originate, is not less an insuperable obstacle to a uniformity of interests. The protection of these faculties is the first object of government.”
—James Madison (1751–1836)