Revenue Sharing Policy
This policy sets out how revenue will be distributed when MyAV·¶ commercialises IP (intellectual property) generated by staff and/or students.
Overview
The Revenue Sharing Policy applies to staff entitled to a share of the revenue generated by MyAV·¶â€™s commercialisation of IP and other innovations that they’ve created within their role at MyAV·¶.
The policy also applies to students where, for whatever reason, they have assigned their intellectual property rights to MyAV·¶ for commercialisation.
It sets out the arrangements for distributing such revenue.
It applies to any innovations first disclosed to MyAV·¶B on or after 1 January 2021.
This policy is supplemental to (and should be read alongside) MyAVᦉ۪s Intellectual Property Policy (IPP). (The IPP outlines the circumstances in which staff or students are entitled to a share of such revenue.)
Contents include
- Purpose and scope of the policy Â
- Application of the policy
- Revenue distribution: how it's worked out
- Share of equity in spin-out companies
- Relevant students and their share of equity
- External funders in revenue sharing
- Dispute resolutionÂ
- Definitions
Who should read this policy
- All staffÂ
- Relevant students
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Last updated: Friday, January 1, 2021