b'2 0 2 0T E C H N O LO G YT R A N S F E R A N N U A L R E P O R TRoyalty, TCF and IDF HighlightsRoyalties INL created the IDF to support technology maturation projects From FY 2005 to FY 2020, INL signed more than 1,100 newthrough proof of concept and prototype development. DOEs licenses to commercialize technologies developed within theOffice of Technology Transfer Technology Commercialization laboratory. License agreements generate royalties, and INL hasFund (TCF) is aimed at helping businesses move promising earned more than $22.8 million in royalties since the inceptionenergy technologies from DOEs national laboratories to the of BEAs contract in FY 2005. During FY 2020, INL has collectedmarketplace. TCF awards require matching funds from either more than $1 million in royalty receipts. the laboratory (Topic 1 awards) or from industry (Topic 2). In FY 2020, INL directed much of its IDF money to supporting Royalties are one indicator that INL innovations are meetingTCF projects, which allowed INL to leverage its funding with market needs. INL continues to encourage innovation and tomatching DOE funds.reinvest a significant portion of royalty revenues to promote development of promising early-stage technologies. $2MExpenditure of royalty funds is governed by federal regulations and must support technology transfer activities. Roughly 30% of INL royalty funds are shared with inventors of licensed$1.5Mtechnologies. Additional money is spent to reward employees who have supported technology transfer activities throughout the laboratory, independent of a specific technology having commercial application. The remaining royalties are reinvested$1Mvia two funds, the Science and Technology Strategic Investments Fund (SIF) and the Innovation Development Fund (IDF).SIF supports R&D capabilities that will lead to new technology$.5Mdevelopment and increase the potential for INL to generate new business. A key to the success of these investments will be INLs ability to attract industry partners that are so essential in advancing future INL technologies. $0201520162017201820192020 Royalty receipts from FY 2015 - 2020High Accuracy Self-Navigating drone technology was one of the projects awarded funding through the Technology Commercialization Fund in FY-20.12'