Licensing and Commercial Development of Innovations

(1) UoN staff or student inventors or inventors may request a license to commercially develop their UoN-owned innovations or inventions where such licensing would enhance the transfer of technology, is consistent with UoN obligations to third parties, and does not involve a conflict of interest.

(2) The University through the IPMO will pursue the licensing and commercialization of all intellectual property by researching the market for the technology, identifying third parties to commercialize it, entering into discussions with potential licensees, negotiating appropriate licenses or other agreements, monitoring progress, and distributing royalties to the inventors, innovators, authors and other parties in accordance with this Policy.

(3) In order to facilitate the licensing and commercialization, the inventor or innovator, as the case my be, shall execute assignment agreements and related documents pursuant to this Policy.

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