Intellectual Property at Heriot-Watt - Heriot-Watt University
Intellectual Property at Heriot-Watt - Heriot-Watt University
Intellectual Property at Heriot-Watt - Heriot-Watt University
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Benefits of assigning IPR<br />
• Clause 8<br />
• Commercialis<strong>at</strong>ion process in a nutshell<br />
– Initi<strong>at</strong>ion – Innov<strong>at</strong>ion Disclosure Form – Business Case – Innov<strong>at</strong>ion &<br />
Exploit<strong>at</strong>ion Board – proceed with commercialis<strong>at</strong>ion (CPG for spinouts)<br />
• RES will cover all costs in rel<strong>at</strong>ion to IP protection unless relinquishes<br />
ownership of IP<br />
• Entitlement to benefit<br />
– Net income gener<strong>at</strong>ed through licensing:<br />
Cre<strong>at</strong>or 50%<br />
School 40%<br />
RES (PB) 10%<br />
– All cre<strong>at</strong>ors share in this split<br />
– Cre<strong>at</strong>ors retain right to be named as inventor in p<strong>at</strong>ent applic<strong>at</strong>ion<br />
– Access to services provided by RES
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