The University of Victoria’s intellectual property policy is a”creator-owned” policy designed to promote a supportive climate for the development of IP and the provision of services based upon mutually beneficial partnerships that respect the interests of researchers and creators, the University, and the wider community. As with almost all University “creator owned” policies, creators own the IP subject to the terms of an sponsored research agreements and in all cases have a revenue sharing obligation with the University where commercialization of IP takes place.
Creators are required to disclose their IP to the University (UVic Industry Partnerships or OVPR). The confidential disclosure of patentable IP should be made within three months after the creation of the IP and confidentiality must be maintained until such protection is secured by the University or the University has passed on the opportunity to participate. Please see the above link to view formal policies in detail.
Other Considerations with IP Ownership
In case of the invention that is a result of a sponsor-funded research, the rights to the resulting IP and to commercialization proceeds are subject to the terms of the sponsored research agreement. Such agreements frequently assign some or all of the rights in IP resulting from the research to the sponsor. Therefore, it is very beneficial for the researchers to be aware of any obligations entailed by the terms of sponsor research agreement.