Revenue Sharing Policy
This policy sets out how revenue will be distributed when UCL commercialises IP (intellectual property) generated by staff and/or students.
The Revenue Sharing Policy applies to staff entitled to a share of the revenue generated by UCL’s commercialisation of IP and other innovations that they’ve created within their role at UCL.
The policy also applies to students where, for whatever reason, they have assigned their intellectual property rights to UCL for commercialisation.
It sets out the arrangements for distributing such revenue.
It applies to any innovations first disclosed to UCLB on or after 1 January 2021.
This policy is supplemental to (and should be read alongside) UCL’s Intellectual Property Policy (IPP). (The IPP outlines the circumstances in which staff or students are entitled to a share of such revenue.)
- 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
Who should read this policy
- All staff
- Relevant students
Last updated: Friday, January 1, 2021