Members of staff, students, consultants or others who carry out work on behalf of the University or with the benefit of University resources or assets, leading to the relevant IP vesting in or being assigned or licensed to the University, must notify the University of the creation of IP as soon as reasonably possible by completion of a confidential Innnovation Disclosure and Originators Form. The information given on the form is confidential and is used only for the purpose of review, evaluation, risk management and/or seeking protection of the disclosed IP.
It is through the completion of the Innovation Disclosure Form that the University obtains details of IP, inventors, co-inventors, co-authors and other interested parties, and any restrictions on registration or commercialisation which may be contained in any collaborative agreements or funding conditions imposed by third parties. This then enables the Specialist IP advisors to consider the question of ownership and any barriers to or limitations on the commercialisation or registration (and any resulting impact on the value or ownership) of the IP.
In cases where multiple innovators are identified on the Innovation Disclosure Form or through subsequent discussions, an Originator’s Form (see – Part C of the Innovation Disclosure and Originators Form) is available for the relevant individuals and any third parties to complete if they are willing to work with us to commercialise the IP. This then forms a useful starting point to establish an agreement for joint commercialisation as appropriate and the sharing of Net Revenue between those owners.
Following a formal advertisement in the Official Journal of the European Union in December 2010 (Contract Notice 2010/S 247-377795), the University invited tenders under Directive 2004/18/EC 31/03/04 as enacted in England and Wales under the Public Contracts Regulation 2006, for the procurement of an IP commercialisation partner to seek to maximise the commercial value of all University IPR.
A formal Competitive Dialogue procedure was completed in May 2011, with the appointment of Frontier IP Group plc (http://www.frontierip.co.uk/ ) as the University’s strategic IP & Commercialisation partner on the 25th May 2011.
The 10 year agreement will see Frontier IP support the University as and when appropriate in:
- Assessment of IP pipeline activity
- Spin-out activity – in particular, structuring in readiness for investment and management of the investment process and securing external funding
- Advice and guidance on the appropriate mechanism for commercialisation
- Market Assessment
For further details, please email: firstname.lastname@example.org or visit http://www.frontierip.co.uk/.