Commercialisation – Revenue and Proceeds
When the University commercialises any intellectual property that has been assigned to it by an employee, student or other member of the University (including persons with a discretionary title), it will always share any commercialisation proceeds it receives with the employee, student or other member of the University who created the intellectual property.
Income received by the University is first used to pay commercialisation costs (including legal/attorney fees, costs of registration and UniQuest) and any portion which a third party (for example a funding body) claims under our agreements.
Then the remainder is split:
- 50% to employee and student creators (including creators with a discretionary title);
- 20% to the School / Faculty/ Institute; and
- 30% to the Deputy Vice-Chancellor (Research) - to be applied at his discretion.
Where there is more than one employee or student creator, then the creators may decide between themselves how the ‘creator’ share is split.
Where there is more than one School, Faculty or Institute involved in the creation of the intellectual property, then the Heads of those Schools, Faculties or Institutes may also decide between themselves how that share is split.
Any disputes regarding the sharing of commercialisation splits may be referred by the Research Operations - Funding staff to the Deputy Vice-Chancellor (Research).
For more information please see the Commercialisation Support page.