The University of Liverpool continuously looks at ways to build on good practice and enhance our spin-out processes. We therefore welcomed the publication of the Independent Review of University Spin-out Companies in November 2023, and the opportunity to review and optimise our policies and procedures in this area.
We have recently updated our IP and equity sharing policy and spin-out guidelines, which are well aligned with many of the spin-out review’s recommendations. We have significantly reduced the university’s equity share from 50% to 20% for all spin-out companies where there is University-owned IP. This change came into effect on the 11th of April 2024. Our typical deal terms for less IP-intensive sectors is 10% or less. These terms are in line with suggested equity splits in TenU’s USIT Guide and demonstrate our commitment to accelerate towards innovation-friendly university policies.
We strongly support the recommendations made in the report and are continuously working to ensure that the best practices highlighted are fully adopted.
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