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Tim Fishlock UCL Business PLC Advice and guidance on protecting and exploiting (UCL) intellectual property (IP) Determine who owns the IP Assess the potential value of UCL IP Including managing Proof-of-Concept funds File, finance and manage patent applications Commercialise
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Advice and guidance on protecting and exploiting (UCL) intellectual property (IP) Determine who owns the IP Assess the potential value of UCL IP Including managing Proof-of-Concept funds File, finance and manage patent applications Commercialise License to an established company Commercialise through a UCL spin-out company UCL Business PLC
UCL Business PLC Mechanisms for Knowledge Transfer Supporting KTPs & EngDs with Companies Fostering Strategic R&D Collaborations IP Development (Technology & Commercialisation Strategy Spin-Out Companies Creating Consultancy Engagements Development of Collaborative Research (e.g. DTI Tech Programme) IP Assessment & Patenting IP Licensing
Supports projects typically 3-6 months Funding of £25K - £50K Activities Proof-of-Concept funds support: Building a demonstrator to show that an invention works in practice Improving an Intellectual Property position (e.g. further work to exemplify or broaden patent claims) Market and business analysis to demonstrate the commercial potential of a proposition Proof-of-Concept Funds
UCL owns IP developed by staff Students may own their own IP but this is often assigned to UCL UCL assigns IP to UCL Business PLC for commercialisation UCL Business PLC shares revenue with inventors, department and UCL Over £50M from translational activities to UCL IP Ownership
Revenue Share Policy • The Net Cumulative Income is what remains after the costs directly associated with commercialisation are subtracted from the gross income. • The Exploitation Fee is intended to cover the overall costs of commercialising an IP portfolio over the long run, including the cost of the infrastructure such as staff and facilities needed to support the commercialisation efforts.
Qinetiq Qinetiq and UCL have a framework agreement for collaboration - one of 12 UK universities. Having met to discuss areas of mutual interest/strength, it was agreed that the areas of 'new materials' and 'materials modelling‘ should be one of the initial areas of focus Qinetiq are holding technology ‘open days’ where University partners are invited to their Malvern labs to meet their scientists and discuss areas of mutual interest with a view to collaboration Roll out this model to other strategic partners. For Example: Johnson Matthey BP Strategic Industry Partners