What share of financial benefits does the Wellcome Trust expect to receive from exploitation of Trust-funded intellectual property?
consent and revenue/equity-sharing agreement [Word 107KB], we expect to receive a share of any income or equity that arises from exploitation of Trust-funded intellectual property (IP). Trust-funded IP means IP that is being developed using Trust funding. This includes IP that will be newly created, and pre-existing IP the further development of which is being funded by us (e.g. Trust funding of proof-of-concept studies to support a pre-existing patent application). The consent and revenue/equity-sharing agreement contains separate revenue-sharing formulae for sharing income and equity received. Where income/equity is received as payment for IP that has not been funded solely by the Trust (e.g. because another research funder also provided funding), then the revenue-sharing formulae apply only to those parts of income/equity received that can be attributed to the Trust’s funding. You can see more details about how the income-sharing formula works by using our revenue-sharing calculator
Related Questions
- Why does the institution have to seek the Wellcome Trusts consent before it can exploit Trust-funded intellectual property, and how should it do this?
- How does the Wellcome Trust grant consent to an institution that has applied for consent to exploit Trust-funded intellectual property?
- What share of financial benefits does the Wellcome Trust expect to receive from exploitation of Trust-funded intellectual property?
