Commercialisation and revenue sharing
University policy aims to foster a culture that supports knowledge creation, knowledge transfer and entrepreneurial endeavour, including through commercial revenue sharing with creators. Where the University deals with IP for the purposes of profit or gain, it will share any Net Proceeds of Commercialisation with the creators of that IP in accordance with the Intellectual Property Principles. In the absence of any other agreement reached between the relevant parties where exceptional circumstances can be shown to warrant an alternative distribution, the University will ensure that the Net Proceeds of Commercialisation are distributed as follows:| University Central | 20% |
|---|---|
| Faculty |
40% |
| Creators |
40% |
The faculty must determine what, if any, proportion of the Net Proceeds of Commercialisation is in turn allocated to any department within that faculty. In determining this, the faculty will have regard to any contribution made by a department towards the development of the IP. The Intellectual Property Principles also provide a reference point for determining how to distribute royalties among creators where commercialisable IP results from team research over a number of years.
Persons who are not named creators may nevertheless make valuable contributions to the creation or exploitation of IP, including non-academic employees. Financial recognition of such contributions will be based on the written agreement of all creators. Where the relevant parties are unable to agree on the ownership of IP rights and returns to contributors, these issues may be referred to the Vice-Chancellor for arbitration.