Industry Contracting Options
New Opportunities in Industry Sponsored Research
Faculty now have the flexibility to select contract terms that best fit the scope of the project with the industrial sponsor. Those contract terms can range from standard research terms as have been used in the past to new options allowing the sponsor more control over intellectual property and publications. Staff from the Office of the Vice President for Research, Sponsored Program Services, and Office of Technology Commercialization will provide consultative assistance for faculty to help select the best contract option based on the scope of work. The selection of the appropriate contract terms will be a faculty led decision, not a sponsor decision.
The new contract options will include additional fees the sponsor must pay in exchange for the added value these options provide. Those fees include an intellectual property fee ranging from 5-10% of the project cost and the fully costed F&A rate (also known as indirect costs or overhead). The fully costed West Lafayette rate of 64.75% is in place of the current 55% rate.
Staff are making a number of campus presentations to further explain the details of these changes. Look for announcements of dates, times and locations of those presentations.