Does the Wellcome Trust expect a share of any cash revenues or equity that may arise from commercialisation of a technology developed under one of its awards?
Yes. The primary purpose of Translation Awards is to secure a healthcare benefit from the development of new technologies/products. Many of these technologies will ultimately fail to reach the market so awards are made with no expectation of a financial return. However, in the event that a company is formed or a licensing agreement is entered into, we have a responsibility as a charity to share in the financial benefits in order to channel that back into the pursuit of its mission (see below for details of the our revenue and equity-sharing arrangements in respect of standard Trust grants).
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- Does the Wellcome Trust expect a share of any cash revenues or equity that may arise from commercialisation of a technology developed under one of its awards?
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