When commercialisation of University IPR takes place, the fundamental mechanism is licensing – the granting of permission, under certain terms and conditions, for the partner company to use the IP.   Licensing take many different forms and can be for particular fields of application, geographical areas, and periods of time.  The legal licence agreement is signed by the company and the University.  For some licenses the University's Essential Medicines Statement (PDF, 78kB) may be applicable.

The University has a number of patents available that constitute licensing opportunities.

Subject to safeguards, the University may consider the transfer of IP to one partner (‘assignment’) provided that the University may continue to use the IP for its research and teaching purposes.

Licenses may be accompanied by a commercial collaboration funding additional research within the university.

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