If creation of a new business has
been chosen as the optimal
commercialisation vehicle, UMIP
will work to assist the founders in
planning, creating and seeking
funding for the spin-out and
project manage the early stages.
FORM A SPIN-OUT
If the IP will best be commercialised
by one or more existing companies,
UMIP will seek potential licensees
and work to identify mutual
interests, goals and plans to
commercialise the IP fully.
FIND A LICENSEE
Revenues received by UMIP from licensees such as
up-front payments and royalties are distributed to
IP creators and to the University/IP creators' faculties.
Shareholdings and the sale of shares from spin-out
companies can benefit the IP creator and the University.
REVENUE
IP DEVELOPMENT PARTNERING FUND
One of the major steps in successful IP commercialisation is finding co-
development partners for new inventions. This activity adds value by
inputting specific market knowledge and expertise which primes the idea
for commercialisation. UMIP has set up an IP Development Partnering Fund
which can award £25,000 per invention and is made available to inventions
with significant commercial potential.
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CONTRACTUAL
UMIP manages documents such as
licence agreements/shareholder agreements etc
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