Faculty Startup Guidelines

Method 1) Payment of patent costs and startup company’s shares

• Startup company pays a significant portion of patent costs borne by related to the transferred patent
• Patent costs include expenses for patent application, registration and maintenance (patent costs paid by faculty are deducted from royalties)
• Startup company pays shares equivalent to 10% of startup faculty’s shares when signing the technology licensing contract (however, patent costs incurred after contract signing are paid by the startup company)

Method 2) Initial payment/running royalty/conditional royalty payment

Method 3) Technology licensing contract

• KAIST and the faculty startup shall choose one of the following: 1. Payment of patent costs and startup company’s shares, 2. Contract with initial payment/running royalty/conditional royalty payment
• Terms and conditions other than the above shall be deliberated upon by the Technology Commercialization Committee in consideration of the purpose of faculty startups and the interests of KAIST.