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Revenue Sharing Policy

This policy sets out how revenue will be distributed when ×î×¼µÄÁùºÏ²ÊÂÛ̳ commercialises IP (intellectual property) generated by staff and/or students.

Overview

The Revenue Sharing Policy applies to staff entitled to a share of the revenue generated by ×î×¼µÄÁùºÏ²ÊÂÛ̳’s commercialisation of IP and other innovations that they’ve created within their role at ×î×¼µÄÁùºÏ²ÊÂÛ̳.

The policy also applies to students where, for whatever reason, they have assigned their intellectual property rights to ×î×¼µÄÁùºÏ²ÊÂÛ̳ for commercialisation.

It sets out the arrangements for distributing such revenue.

It applies to any innovations first disclosed to ×î×¼µÄÁùºÏ²ÊÂÛ̳B on or after 1 January 2021.

This policy is supplemental to (and should be read alongside) ×î×¼µÄÁùºÏ²ÊÂÛ̳’s Intellectual Property Policy (IPP). (The IPP outlines the circumstances in which staff or students are entitled to a share of such revenue.)

Contents include

  • Purpose and scope of the policy  
  • Application of the policy
  • Revenue distribution: how it's worked out
  • Share of equity in spin-out companies
  • Relevant students and their share of equity
  • External funders in revenue sharing
  • Dispute resolution 
  • Definitions

Who should read this policy

  • All staff 
  • Relevant students

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Last updated: Friday, January 1, 2021