Should I License my idea through my school?

[MadStacks]

Whats good guys.

I have a really good product idea and I've just started hiring some people to develop an online prototype and sell sheet.

I'm doing the whole stephen key thing and I'm rly excited about it.

However, my school has a program (top 15 research university in the us), where I can submit my idea and if accepted, be fully funded for all patents attorneys and everything. they would also do all the work to get it licensed.

Of course it comes with a catch, they would get 55% percent of all revenue it generates. and they would be listed as the inventors of the idea even though I created it.

I'm leaning to just do it myself because i don't intend on actually filing utility/design patent. just the provisional so its very cheap.

What do you guys think?

 

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[DennisD]

It's silly that you're even asking this.
Eff them. You can make the money you need through hustle.
You don't need a silent partner who owns 55%.

 

[MadStacks]

Thats what I'm thinking. honestly i just posted this for that kind of answer. I don't want those bastards taking credit for my idea and 55%

 

[BigBrianC]

So you're putting in all the work, they're supplying funding. They're getting the fame and the business (55% ownership). All for just money. Sounds like you could get an investor for less if it's that great of an idea.

 

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[Solrac]

Sounds like a bad Vulture Capital deal to me I'd stick to Hustle