ownership of Intellectual Property developed by faculty, students, staff, and others participating in MIT programs, including visitors, with the significant use of funds or facilities administered by MIT will vest with MIT.
From my reading of the policy.. it sounds like if you accept this small sum (1-5K), MIT gets the IP rights to everything you make. Good deal for MIT.
If they own the name (trademark) of your project; the content on your website and marketing materials; copyright on your code; patents... you're basically working for MIT for $1k.
Quote:
ownership of Intellectual Property developed by faculty, students, staff, and others participating in MIT programs, including visitors, with the significant use of funds or facilities administered by MIT will vest with MIT.
From my reading of the policy.. it sounds like if you accept this small sum (1-5K), MIT gets the IP rights to everything you make. Good deal for MIT.
If they own the name (trademark) of your project; the content on your website and marketing materials; copyright on your code; patents... you're basically working for MIT for $1k.