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Thursday, April 15, 2021 Share After a two-year process to review its policies regarding intellectual property (IP), the University of Pittsburgh has a new IP policy that modernizes our overall approach to managing IP; strengthens and clarifies faculty ownership of IP; and improves the mechanisms that return revenues to Pitt innovators, departments, schools and other research units when their inventions find commercial success. The process of review existing policies began two years ago, commencing with the naming of a committee of faculty, staff and administrators from across the University. The prior IP policies, which cover patent rights and copyrights, had been approved in 2005 and 2006 respectively, making it the appropriate time for review to ensure they best served the needs of all stakeholders and aligned with current best practices. ....