UCL aims to become a global leader in knowledge exchange, enterprise and open innovation with societal impact. Translating research results into exciting spinouts is a key part of achieving that goal.
UCL intellectual property and what it means for researchers
In most cases, UCL is the legal owner of IP developed by all UCL-employed researchers in the course of their work. This includes (but is not limited to) software, datasets, algorithmic methods and know-how. Publication of such IP does not change UCL’s status as the legal owner. The UCL staff intellectual property rights policy sets out the details of IP ownership for all technologies and know-how developed through research at the University.
Before funding can be considered, researchers are often required to confirm IP ownership and exploitation rights to (non-academic) co-founders and potential investors. The aim is to provide clarity on the UCL relationship in terms of exploitation rights, to confirm proper compensation for all IP contributors and to carve out your research obligations for situations where new IP is expected to be generated. Neglected, these can all cause the spinout to incur financial penalties. Depending on the type of intellectual property that the spinout needs, this process can prove to be complex and costly.
Portico Ventures supports Computer Science academics by taking charge of the IP due diligence and ensuring that an adequate licence is put in place. In order for the programme to assess whether it is able to prepare the necessary licence(s), we need a full disclosure of the various items of IP that would be licensed to the business. This will be done following an initial meeting with the researcher. For more information on the support we offer on IP due diligence, see our support guide.
Spinning out: the journey
Portico Ventures spinouts
Find inspiration in these researchers’ journeys from academic work to real-world customers.
- Maxatta pvpuclbadmin 2019-04-29T11:15:26+00:00
- Odin Vision pvpuclbadmin 2019-04-29T11:22:04+00:00
- 3d repo pvpuclbadmin 2019-04-29T10:24:47+00:00
- Appredict Ltd pvpuclbadmin 2019-04-29T10:27:07+00:00
- Advanced Design Technology pvpuclbadmin 2019-04-29T10:27:55+00:00
- Bloomsbury AI pvpuclbadmin 2019-04-29T10:28:22+00:00
- Chirp pvpuclbadmin 2019-04-29T10:28:43+00:00
- Media Gamma pvpuclbadmin 2019-04-29T10:29:05+00:00
- Satalia pvpuclbadmin 2019-04-29T10:29:24+00:00
- Synthace pvpuclbadmin 2019-04-29T10:29:44+00:00
Researchers who are keen to transform their research into a business but require more support can contact UCLB and explore alternatives.
If you already have an idea that you would like to develop further, but are not ready to start the entrepreneurship journey, come speak to us about alternatives. You might also want to consider an intensive accelerator/incubator programme, such as the UCL-supported IDEALondon or the very early-stage Entrepreneur First programme.