In valuing industry collaborations, the university understands that efficient transactions and financial certainty are important to business, so it has created UB SWIFT. 

This approach reduces transaction time and eliminates lengthy, costly negotiations because it empowers both parties to set research and licensing terms at the project planning stage.

On this page:

UB SWIFT Preferred License Terms

The university is offering the UB SWIFT terms as a beneficial alternative to the standard option (see comparison chart below).

  • Company locks in preferred exclusive license terms for all intellectual property resulting from the project.
  • Expedited transaction time through use of the standard SWIFT agreement.
  • Company part of SWIFT decision: the company; UB and the principal investigator will decide jointly if the project is suitable for UB SWIFT.
  • Exception requests will be considered for university-owned, background intellectual property not included in the exclusive license terms. 
Terms UB SWIFT UB Standard Option
Preferred Terms Fee 10% of the contract budget or $15,000, whichever is greater n/a
Royalty Rate

1% after exceeding $50 million in cumulative net sales if market entry requires human trials and regulatory approval; or

1% after exceeding $20 million in cumulative net sales for all other technology

License issue fee None Negotiated
Minimum Annual Royalties None Negotiated
Due Diligence Milestones None (unless the project includes federal funding) Negotiated
Sublicensing Granted Negotiated
Patent Prosecution Management Company Manages Negotiated

Frequently Asked Questions

Questions or Need More Information

Contact Jennifer Mandina: (716) 645-8952 or mandina@buffalo.edu