Revenue Sharing Policy
This policy sets out how revenue will be distributed when ¹û¶³Ó°Ôº 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 ¹û¶³Ó°Ôºâ€™s commercialisation of IP and other innovations that they’ve created within their role at ¹û¶³Ó°Ôº.
The policy also applies to students where, for whatever reason, they have assigned their intellectual property rights to ¹û¶³Ó°Ôº for commercialisation.
It sets out the arrangements for distributing such revenue.
It applies to any innovations first disclosed to ¹û¶³Ó°ÔºB on or after 1 January 2021.
This policy is supplemental to (and should be read alongside) ¹û¶³Ó°Ôºâ€™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 Â
- 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 resolutionÂ
- Definitions
Who should read this policy
- All staffÂ
- Relevant students
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Last updated: Friday, January 1, 2021