Issue link: https://htpgraphics.uberflip.com/i/116731
Why License? Section 2 There are five main reasons why you might consider getting involved in licensing: n financial gain for you and your institution n resources to support your research interests n the alternative to spin-out company commercialisation n opportunities for case study material n seeing your research translate into tangible products, processes or services. These reasons are in no particular order, nor is any one mutually exclusive of the others. Your priority will depend upon the nature of the IP to be licensed, its stage of development, the degree of IP protection secured and your personal objectives and other commitments at the time. It is almost certainly the case that your research institution's principal reason for supporting the licensing route of IP commercialisation (rather than forming a spin-out) is to extend its relationships with industrial and commercial companies and to see its reputation enhanced by its high quality research work being translated into economic benefit for society, especially if this is within its own local and national contexts. Let's look at each reason in some detail. Personal and institution financial gain Your research institution will usually be willing to share with you the gains it makes from the licensing of its inventions, copyright, designs etc. The sharing proportion will differ from institution to institution, but it will generally mean sharing the net gains with you (which means the amount after any deductions for things such as patent costs, marketing expenses, proof-of-principle investments, certain taxes). You will be expected to pay tax on your gain, but this can be done by PAYE or sometimes by paying you the full amount due and for you to make your own tax arrangements. Your institution will expect to be indemnified by you, should you elect to make your own arrangements). 10