What is Intellectual Property?
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce. IP at colleges and universities refers to the products of faculty, staff, and student research and scholarship. IP falls into two groups —work covered by patent law and work covered by copyright law.
Utilizing Intellectual Property (IP):
Rights to any intellectual property created by the teams shall remain with the teams. Teams must obtain permission to use any third-party IP as part of their proposed solution, and such IP cannot be used for the basis of the solution.
IP used as the basis of the solution must be created by the students on the team, but it can be based on prior work as long as the solution addresses the challenge specifications. The only exception to this policy is for projects that find a commercialization path for University IP.
If using University IP, the students should be able to describe the invention knowledgeably, and also include a slide that explains that the IP belongs to the University.