Michigan State University Awards License Contract to Gantec Inc (June 2026)

Michigan State University approved an exclusive license agreement with Gantec, Inc. for patented technology on valorizing food-processing biomass for agricultural applications. The deal includes a $30,000 upfront payment, ongoing minimums, patent cost reimbursements, and 1–7% royalties through the life of the patent rights.

Scope & details

The full contract record, as filed.

Contract amount

Upfront fee of $30,000 plus annual minimum fees, patent expense reimbursements and ongoing patent costs, payments on revenues other than net sales, and royalty rates of 1-7%

Contract type

LICENSE

Contract term

Effective date of the agreement until expiration or termination of all patent rights

Renewal

License continues until all patent rights expire or the agreement is otherwise terminated; no separate renewal option specified beyond patent life.

Document type

AgendaPacket

Source document

Michigan State University Board of Trustees Audit, Risk & Compliance Committee Agenda Packet 2026-06-12

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Michigan State University Consent Agenda 2026-06-12

APPROVED

Michigan State University, MichiganJun 12, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the license contract by Michigan State University?

Gantec Inc was awarded this license contract by Michigan State University, as recorded on June 12, 2026. The contract value is Upfront fee of $30,000 plus annual minimum fees, patent expense reimbursements and ongoing patent costs, payments on revenues other than net sales, and royalty rates of 1-7%.

How much is the Gantec Inc contract with Michigan State University worth?

The Gantec Inc contract with Michigan State University is valued at Upfront fee of $30,000 plus annual minimum fees, patent expense reimbursements and ongoing patent costs, payments on revenues other than net sales, and royalty rates of 1-7%, 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 Michigan State University Board of Trustees Audit, Risk & Compliance Committee Agenda Packet 2026-06-12 (AgendaPacket), dated June 12, 2026 from Michigan State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gantec Inc hold?

Gantec 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 Michigan State University currently buying?

Explore Michigan State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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