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Question about royalty rate for educational software

  • 1.  Question about royalty rate for educational software

    Posted 11-21-2011 17:53

    Years ago I saw the need for a certain type of simple educational software to be used in university entrepreneurship classrooms.  Now, as a center director I want to pursue this niche using some few thousand dollars in my center's budget to develop the software and then sell online to students across the U.S. and Canada. Personally, I would like to receive a royalty, because  this was my idea in the first place.  My university has a creator owned IP policy, so this vision is fine except for the conflict of interest aspect.  To expedite this conversation with my Dean I am looking for comps that might help us set a reasonable royalty rate. Do you receive royalties from a book or software that your university published? What are those rates like?

     

     

    Thanks for your input,

     

    Geoff Archer, PhD

    Geoff.archer@royalroads.ca

     

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