Sttr Research Agreement
Part of the requirements of a STTR project is an agreement on intellectual property rights. This agreement is recorded in an award agreement (ARA) prior to the awarding of a distinction of federal authority to small business. The company or IP will contact OPAS as soon as this document is requested by the federal authority. OPAS will hire UMII (University of Massachusetts Innovation Institute) to conclude and return the university`s standard boiler-ARA platform agreement to the small business. All negotiations are conducted by UMII staff in consultation with legal counsel if necessary. In addition to the transfer of the ARA, OPAS will also provide the company with a specific financing agreement for the STTR project for the constituent elements that the company can use for the award of the subcontract to the university. All negotiations on this agreement are conducted by OPAS staff. The IP conditions agreed in Phase I as evidence in the ARA are transferred to the Phase II program when they are assigned. Note: If the lead investigator or a direct family member has a financial interest in the company, including consulting contracts, a conflict of interest must be submitted to the head of the department and the vice-chancellor of the research and also identified on the internal processing form. It should be noted that if IP is the prime contractor for the small business, it is mandatory that small business IP be in the business for at least 51% full-time.
Therefore, in addition to resolving conflicts of interest for this period, IP must also be granted a university leave and an alternative IP for the proposed subcontracting. . Phase I activities typically fund up to $150,000 for a six-month period. An academic partner is not required; are, however, entitled to participate as partners if they are invited by small businesses. The maximum amount available to the university partner is 33% for Phase I activities. Phase II activities are typically funded up to $1,000,000 for two years. The academic partner is allowed. The STTR program is a highly competitive program that reserves a certain percentage of federal research and development funding for awards from small business partners and not-for-profit academic institutions. In small businesses, innovation and innovators thrive, but the risks and costs of an R and Seriously can go beyond the resources of many small businesses.