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Royalties are another way in which technology transfer benefits Goddard’s innovators. Once an NTR has been filed, the IPP Office evaluates whether there is potential for commercial interest in the technology. If such potential is sufficient, a patent application is filed and the technology is made available for licensing. The IPP Office lists the technology on its Web site and in some cases actively markets the technology to potential licensees. If a commercial entity licenses Goddard’s patented technologies and software, the innovator and NASA receive payments for this use. These payments can include an upfront licensing fee as well as either a “running” royalty (e.g., a percentage of net sales) or a minimum royalty payment. (Note: Actual royalty payment values are confidential.)
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