New Jersey Institute of Technology Awards License Contract to Oppyai Inc (July 2026)

NJIT’s Board of Trustees approved an exclusive patent license to OppyAI, Inc. for its privacy-preserving code generation technology under IP 25-002. The deal includes upfront and escalating annual fees, a 3.5% royalty on net sales and sublicenses, and full reimbursement of patent costs for the life of the patents.

Scope & details

The full contract record, as filed.

Contract amount

$10,000 up-front fee; $10,000 per contract year in years 2–4; $20,000 per contract year beginning in year 5; 3.5% royalty on net product sales; 3.5% royalty on sublicensee net product sales plus 7.5% of other sublicense fees; reimbursement of all patent costs

Contract type

LICENSE

Contract term

Exclusive patent license for the life of patents arising from NJIT Ref. No. 25-002 (20-year patent term in the U.S.)

Renewal

License runs for the life of the patents arising from NJIT Ref. No. 25-002, with escalating minimum annual payments starting in year two; no discrete renewal option is described because the term is tied to patent life.

Document type

AgendaPacket

Source document

New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-07-16

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the license contract by New Jersey Institute of Technology?

Oppyai Inc was awarded this license contract by New Jersey Institute of Technology, as recorded on July 16, 2026. The contract value is $10,000 up-front fee; $10,000 per contract year in years 2–4; $20,000 per contract year beginning in year 5; 3.5% royalty on net product sales; 3.5% royalty on sublicensee net product sales plus 7.5% of other sublicense fees; reimbursement of all patent costs.

How much is the Oppyai Inc contract with New Jersey Institute of Technology worth?

The Oppyai Inc contract with New Jersey Institute of Technology is valued at $10,000 up-front fee; $10,000 per contract year in years 2–4; $20,000 per contract year beginning in year 5; 3.5% royalty on net product sales; 3.5% royalty on sublicensee net product sales plus 7.5% of other sublicense fees; reimbursement of all patent costs, covering license work.

What type of contract is this?

This is a License contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-07-16 (AgendaPacket), dated July 16, 2026 from New Jersey Institute of Technology. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oppyai Inc hold?

Oppyai Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is New Jersey Institute of Technology currently buying?

Explore New Jersey Institute of Technology's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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