The SBIR iEdison (Interagency Edison) reporting requirements are designed to ensure that the government receives appropriate rights to any inventions that are made using SBIR funding. Here are the main reporting requirements:
1. Invention Disclosure: The SBIR grant recipient must disclose any new inventions or discoveries that were made using SBIR funding to the funding agency within two months of the invention being made.
2. Patent Applications: If the invention is patentable, the SBIR grant recipient must file a patent application within one year of disclosing the invention to the agency.
3. Patent Issuance: If a patent is issued, the SBIR grant recipient must notify the funding agency within 60 days of the patent being issued.
4. Licensing Agreements: If the SBIR grant recipient enters into any licensing agreements related to the invention, they must report the details of the agreement to the funding agency within 60 days of the agreement being executed.
5. Annual Reports: The SBIR grant recipient must submit annual reports to the funding agency that include information on any inventions, patents, and licensing agreements related to the SBIR project.
Failure to comply with any of these requirements can result in the loss of SBIR funding and other penalties. Don't run risk of losing your invention rights, contact us so we can help your business remain compliant with iEdison Reporting requirements.