Oklahoma SB1670 amends higher education policy to include a tiered system of ownership for revenue generated from new technology.
Oklahoma SB1670 amends the Oklahoma State Regents for Higher Education policy to include a tiered system of ownership for revenue generated from new technology. The policy must ensure that inventors or discoverers are compensated competitively. The bill also requires the policy to be reviewed every two years and updates statutory language. The bill declares an emergency and takes effect immediately upon passage and approval.
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