Proceedings of the Board of Regents (1999-2000)

February Meeting, 2000

Amendment to License Agreement with Mechanical Simulation Corporation (MSC)
On a motion by Regent Maynard, seconded by Regent White, the Regents
unanimously approved an amendment to a license agreement between the University of
Michigan and Mechanical Simulation Corporation (MSC). Because two University of
Michigan employees, Michael Sayers and Thomas Gillespie, also hold an equity interest
in MSC, this amendment falls under the state of Michigan Conflict of Interest Statute.
The following information is provided in compliance with statutory requirements:
1. Parties to the agreement are the University of Michigan and Mechanical
Simulation Corporation.
2. Terms of the agreement are:
The license to MSC will be paid up with no further royalties required.
The licensee will continue to grant to UM a royalty free right to use and create
derivative works it makes of the programs for UM's internal education and
research purposes.
The University will continue to retain ownership of the program and may
continue to further develop it and use it as a research tool.
3. Dr. Sayers' and Dr. Gillespie's pecuniary interest arises from their ownership
interest in MSC. The inventor, Dr. Sayers, has waived any personal
participation in the sharing of royalties received by the University from the
company.
Research Agreement between the University of Michigan and ElectroDynamic
Applications, Inc.
On a motion by Regent Brandon, seconded by Regent Maynard, the Regents
unanimously approved a research agreement between the University of Michigan and
ElectroDynamic Applications, Inc. (EDA). Because two University of Michigan
employees, Brian E. Gilchrist and Alec D. Gallimore, also hold ownership interests in
EDA, this agreement falls under the state of Michigan Conflict of Interest Statute. The
following information is provided in compliance with statutory requirements:
1. Parties to the agreement are the University of Michigan and ElectroDynamic
Applications, Inc. (EDA).
2. Terms of the agreement are acceptable and conform to University policy. The
project will provide support for a graduate student in the amount of $7,750.
The total award is $24,763 and the period of performance will be five months.
3. Dr. Gilchrist's and Dr. Gallimore's pecuniary interest arises from their status
as University of Michigan employees who also have ownership interests in
EDA. Dr. Gilchrist will direct the University of Michigan work in his capacity
as a University of Michigan employee.
Research Agreement between the University of Michigan and M-Vision, Inc.
On a motion by Regent Taylor, seconded by Regent Brandon, the Regents
unanimously approved a research agreement between the University of Michigan and
M-Vision, Inc., to enter into a subcontract in connection with a Small Business
Innovation Research (SBIR) grant received by M-Vision. Because the owner and sole
officer of M-Vision, Inc., Shridar Lakshmanan, is also a faculty member at the

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