IP4GOOD PROGRAM
High-tech industries like artificial intelligence, robotics, renewable energy, biopharma, medical device, and telecommunications are in a never-ending race to develop new technologies, materials, and methods. Patent and copyright experts estimate that fewer than 50% of these perfectly good inventions ever reach the marketplace. In most cases, the only reason is that the same project developed another technology that worked better for that project. As a result, this Intellectual Property (IP) becomes “stranded IP” just sitting on a shelf losing value as it becomes obsolete. The High Alert Institute IP Donation Program seeks to rescue stranded, technology-related IP with the potential for commercialization. Once accepted by the program, the IP owner/inventor is eligible for a tax deduction. Businesses that pay the Institute for the use of the IP advance their own innovations while supporting our mission.
How You Can Be Part of the IP4Good Program
BECOME A PARTNER4GOOD
SUBMIT YOUR IP FOR EVALUATION
MEET WITH THE INSTITUTE
YOUR INNOVATIONS MATTER
IP4GOOD FAQ
Q: Is an IP donation a type of in-kind donation?
A: YES. IP donations are considered non-cash, or in-kind donations by most tax agencies.
Q: What is “Fair Market Value” and who determines the fair market value?
A: Fair Market Value (FMV) is the price that the intellectual property would sell for on the open market in its current stage of commercialization. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. FMV can be assigned by the recipient of the IP donation, but the most common way to determine the FMV is to have a technology transfer company or an IP commercialization company provide the FMV.
Q: What happened if the Fair Market Value is low when I donate my IP, but is high when the IP is commercialized?
A: Under current IRS guidance, if the FMV at the time of sale/licensing of the IP is greater than the FMV at the time of donation, the donor may be eligible for additional tax deductions based on the new FMV.
Q: Our company is not located in the United States. Can we still donate IP?
YES. We are happy to partner with companies outside of the US for IP donations.
Q: Can I participate in the development and commercialization of my IP after donation?
YES. Once IP is accepted for donation, the IP becomes a Project4Good. As a Partner4Good, you are eligible to participate in a Project4Good as a volunteer subject matter expert or as a Project4Good sponsor. Please use our Message Us form if interested in more information.
Q: What impact is my donation making?
A: A BIG ONE. While we do not quantify donations in an “X dollars does this” model, rest assured that your donation is allowing us to implement all of the programs and projects of the High Alert Institute.
High Alert Institute
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