Enterprise Board
Committee description
Secretary: Michelle Keeley-Adamson, Email:mkeeley@liverpool.ac.uk
Responsibilities:
- Oversees and governs the delivery of the University’s IP exploitation activities, stimulates an enterprise culture across the University, maintains connections with all University initiated enterprise activities and reviews delivery against aims and best practice.
- Ensures that the maximum impact benefits are being achieved from all opportunities supported.
- Reviews the performance of all licensing activity.
- Approves the creation of and monitors all research and know-how related University spin-out companies.
- Approves all changes (buying and selling of shares) to the University equity interests in spin-out companies.
- Approves all investments (grants and loans) greater than £10k granted by the Enterprise Investment Panel from the University’s Investment Fund, enabling the University to support high risk commercial propositions within a balanced portfolio of investments.
Reports to:
Finance and Resources Committee (F&R) - annually and as required Research and Impact Committee
Report for the period should contain:
- Review of IP commercialisation outcomes.
- Overview of University spin-out activity
- Review of Investment Fund investments
- Other issues
Receives reports from:
The board shall receive quarterly reports from the Enterprise Investment Committee
Meeting Frequency:
Quarterly for 3 hours
Quorum:
The Board will only be quorate when a minimum of 1/3 of the membership is present, plus one additional lay member.
Delegated Authority:
The Board has delegated decision making authority up to a value of £500k from P&R for any commercial transactions relating to spin-outs, Investment Funds and the sale of IP.
The Board has delegated decision making authority to the Head of IP Commercialisation for investments and funding up to a total value of £10k per case.