Purdue University recently reinterpreted internal policies to afford students a simpler and more equitable path to patent ownership and monetization.
--- # [](https://www.innovation-asset.com/) - [Decipher®](https://www.innovation-asset.com/products-decipher) - [Services](https://www.innovation-asset.com/products/professional-services-0) - [Resources](https://www.innovation-asset.com/resources) - [Blog](https://www.innovation-asset.com/blog) - [About Us](https://www.innovation-asset.com/about) - [Contact Us](https://www.innovation-asset.com/contact) # Innovation Asset Blog # Purdue clears path to student IP portfolios by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Academic innovation is a pillar of national economic growth, but the commercialization rights associated with inventions derived in campus laboratories have not always trickled down to the students themselves. Purdue University recently decided to remedy this situation, [reinterpreting its own policies](http://www.purdue.edu/newsroom/releases/2013/Q1/purdue-opens-up-intellectual-property-rules-for-students.html) to afford students a simpler and more equitable path to patent ownership and monetization. University code formerly stated that any invention created with the use of school resources was subject to university ownership. Purdue policy has now been amended to extend IP rights to students directly - provided their inventions were derived from resources available to all students in a given course and not sponsored or supported by corporate or government grants. "We're out to foster a culture of entrepreneurship that extends from the the newest freshman on campus to the most senior faculty member," said school president Mitch Daniels. "If you have a great idea, Purdue is the place to develop what's in your mind and take it to the market." According to [The Journal & Courier](http://www.jconline.com/article/20130208/NEWS05/302080019/Purdue-student-inventors-property-rights-supported), Daniels hopes to establish a precedent that echoes throughout the academic community. At the very least, it has already encouraged several Purdue students to pursue market strategies for their mobile software applications, biomedical devices and more.  ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [February 11, 2013](https://www.innovation-asset.com/blog/purdue-clears-path-to-student-ip-portfolios) ### Subscribe to Email Updates ### Introducing Decipher® ### Categories - [Intellectual Property Management (459)](https://www.innovation-asset.com/blog/topic/intellectual-property-management) - [Commercialization and Licensing (210)](https://www.innovation-asset.com/blog/topic/commercialization-and-licensing) - [Invention Disclosure (201)](https://www.innovation-asset.com/blog/topic/invention-disclosure) - [Innovation Strategy (20)](https://www.innovation-asset.com/blog/topic/innovation-strategy) - [Ideas for Good (6)](https://www.innovation-asset.com/blog/topic/ideas-for-good) - [Innovation Team (3)](https://www.innovation-asset.com/blog/topic/innovation-team) ### News Archives - [January 2013 (26)](https://www.innovation-asset.com/blog/archive/2013/01) - [September 2012 (25)](https://www.innovation-asset.com/blog/archive/2012/09) - [October 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/10) - [November 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/11) - [November 2010 (21)](https://www.innovation-asset.com/blog/archive/2010/11) - [February 2011 (21)](https://www.innovation-asset.com/blog/archive/2011/02) - [July 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/07) - [December 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/12) - [January 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/01) - [March 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/03) ##### Portland, Oregon USA ##### © Innovation Asset Group, Inc. ##### [Privacy Policy](https://www.innovation-asset.com/privacy-policy/) | [Terms & Conditions](https://www.innovation-asset.com/terms-and-conditions/) | [Contact Us](https://www.innovation-asset.com/contact/) -