Payment FAQs for licensees

Whom do I contact with invoice/billing questions?

Please contact the TLO Financial Manager via email at tlo-fina@mit.edu, via fax at 617-258-6790, via phone at 617-253-6966, or via post to the following address:

Massachusetts Institute of Technology, Technology Licensing Office

255 Main Street NE18-501 Cambridge, MA 02142-1493

What is MIT's tax ID #?

04-2103594

Please contact our office if you need a copy of our tax payer ID form (Form W-9), or our sales tax exempt purchaser certificate (Form ST-5).

Do I still need to submit MIT a royalty report even though we have had no commercial sales?

Yes. Royalty reports are due regardless of whether there have been commercial sales. Zero dollar royalty reports are easiest sent via email to tlo-royaltyreport@mit.edu or via fax to 617-258-6790.

Do you accept credit card payments?

Yes, but the payment limit is $5K.

Do you accept wire transferred payments?

Yes. Wires should be sent in US dollars to the following:

Bank of America, NA
100 Federal Street
Boston, MA 02110
WIRE # 026 009 593
BANK Account # 004632424694 (MIT Incoming Wire)
SWIFT # BOFAUS3N
Comment: MIT TLO and Invoice # or Agreement #

Please send confirmation of the sent wire directly to tlo-invoice@mit.edu.

Do you accept ACH transferred payments?

Yes. ACH transactions should be sent in US dollars to the following:

Bank of America, NA
100 Federal Street
Boston, MA 02110

ACH routing# 011 000 138
BANK Account # 004632424694
Comment: MIT TLO and Invoice # or Agreement #

Please send confirmation of the sent wire directly to tlo-invoice@mit.edu.

Who should I make my check out to?

MIT Technology Licensing Office