Chapter 12 - Intellectual Property 12. The University believes that the knowledge created at the University should be put to use in society. It has therefore created policies and a subsidiary corporation, the Innovations Foundation, to facilitate this transfer.
Intellectual property is also an important factor in attracting research funding.
For this reason, Research Services helps investigators to review material transfer and other agreements that arise out of their interaction with industry. In 1990, the Governing Council approved a new Inventions Policy, which allows researchers to take personal ownership of the inventions they create. Under the Policy, the investigator is obliged to disclose any invention to the University by filling out a Disclosure Form. The inventor offers the invention to the University. If the University accepts the offer, it assumes responsibility for legally protecting and marketing the invention, finding a licensee, negotiating a licence agreement and administering that agreement.