University owned IP
The University owns all IP (other than ‘scholarly works’) that is created by students working on projects that are the subject of “specified agreements’ irrespective of whether the student was receiving a stipend funded by the outside party. A “specified agreement” is an agreement between the University and an external party which relates to the ownership or use of IP emanating from an activity (including research) identified in the agreement. Examples include research contracts, studentship agreements, and funding agreements.If the University receives royalties from the successful commercialisation of IP to which the student has contributed, the student will receive a share in 40% of those royalties with other co-creators, or solely if they are the sole creator.