DIT IP Policy
DITs IP policy promotes the creation, protection and commercialisation of IP by:
- Recognising that the Creator has the moral and legal rights to the IP they create, except where there are contracts with sponsors that require IP assignment, where DIT Resources were used in the creation of the IP, or where administrative materials were developed for DIT
- Encouraging the protection of IP before publishing so that the IP retains commercial value
- Enabling Creators to choose to commercialise IP themselves or use the Technology Transfer Centre or other means
- Sharing up to 75% of net revenues received from commercialisation with the Creators, and
- Assigning IP to Colleagues and Students in return for a negotiable equity stake for DIT of typically 15% in their startup companies.
This IP policy is consistent with the Funding Agency Requirements and Guidelines for Managing Research Generated Intellectual Property (February 2006), the National Code of Practice for Managing and Commercialising Intellectual Property Arising from Public Private Collaborative Research (November 2005), and the National Code of Practice for Managing Intellectual Property Arising from Publicly Funded Research (April 2004).
The policy is intended to create a more entrepreneurial environment at DIT to attract and retain worldclass researchers, enhance collaboration with industry and raise the profile of DIT as a centre for excellent commercially focused research and consultancy.
DIT IP policy