Guidelines for UNO Employees
Can UNO employees buy stock in the companies whose main line of business is based on the technologies licensed from UNO?
No, especially for those employees whose departments were directly or indirectly involved in licensing the technology. However, the inventor(s) or creator(s) of intellectual property licensed to a start-up company may be given shares in the start-up company as part of their share of the Royalty Income the University receives.
Can an UNO employee or their family own a company doing research with UNO?
There is a procedure for the university to contract with a member of the faculty, research staff, or an employee or where a member of their family has an financial interest in the company. This contracting is possible under specified circumstances.
- Louisiana R.S. §42:1101 to R.S. §42:1148, especially §42:1111, §42:1112, §42:1113, and §42:1123(10);
- University of Louisiana System Policy Number: M-15;
- UNO AP-RE-04.1 Authorizing Contracts Between the University and a Member of the Faculty, Research Staff, or Coaching Staff, or a Company in which the Employee has an Interest Under Specified Circumstances
University of New Orleans
- Administrative Policies
- Intellectual Property - AP-RE-03.2
- Authorizing Contracts Between the University and an UNO Employee - AP-RE-04.1
University of Louisiana System
- Policy and Procedures Memorandum (PPM)
- Intellectual Property And Shared Royalties (Policy Number: FS.III.VI.-1a)
- Outside Employment/ Procedures (Policy Number: Fs-Iii.Vii.-1)
- Authorizing contracts between university and an employee (Policy Number: M-15)
Conflict of Interests and Ethics References
- UNO Conflict of Interests Policy
- State of Louisiana Ethics Admin Program (Required Annual Training available here)
- National Institutes Health FCOI
- National Science Foundation
Other Websites Resources
- Links for Patents, Entrepreneurship, Documenting Research and List of UNO's standard Agreements