Cost of Services
UVic Industry Partnerships does not charge faculty members, staff members or students for its time when commercializing UVic technology in which the University of Victoria (and UVic Industry Partnerships via UVic) have a shared interest in the technology. However, any hard cost incurred by UVic Industry Partnerships for marketing, legal and IP protection etc. (all non-staff project related expenses) are deducted from first revenues received prior to any parties participating in revenue share.
Revenue Sharing
In meeting its role as a research and educational institution, the University of Victoria strives to provide incentives for the pursuit of research and creative activities. Revenue sharing is one such incentive.
The University supports the principle that the revenue accruing from IP should be shared fairly and proportionately between the creator(s) and the University in relation to the contributions of the University and the creators. The contributions of the University may include but are not limited to the following:
- provision of paid release time (over and above any academic leave or professional development leave) for the development of IP;
- provision of remuneration over and above regular salary for the development of IP;
- provision of space, facilities, and equipment for the development of IP over and above normal infrastructure requirements;
- the expansion of the commercial potential of a piece of IP by University or UVic Industry Partnership action;
- the ratio of liability assumed by the University, UVic Industry Partnerships, and the creator;
- the negotiation of any contractual agreements with external research or development partners.
The University’s share of net revenues accruing from the commercialization of IP is as follows:
• when the University’s technology transfer services (UVic Industry Partnerships and OVPR) have been utilized for commercialization of the IP, the terms of revenue sharing (for IP other than course materials) shall be negotiated by the Vice President Research or delegate, in consultation with other parties as appropriate, in accordance with the guiding principle of net benefits following the contributions of all parties;
• when the University indicates an interest in commercializing the IP,but the University member chooses to commercialize elsewhere, the University shall normally claim 20% of net revenues that result from the commercialization to reflect the University’s infrastructure investment and to ensure a return on investment to support further research and creative activity. This clause shall not apply if the University has indicated in writing that it has no interest in commercializing the IP or the net revenues concerned are less than $5,000 in a calendar year;
• the University and University member shall receive equal shares of the net revenue resulting from commercialization of course materials (see 3.3 of UVIc IP Policy ).