“The trust then sends 20% to the university, which employed the professor who invented the drink nearly 60 years ago.”
A kidney doctor at Florida mixed up a drink for the football team in 1965. The university had no IP policy that grabbed it, so the inventors, the school and the federal government fought over it. Florida now collects about $20 million a year and has banked around $250 million. Many universities now write their policies so staff inventors never get that leverage again.