The Independent Review of Spin-out Companies by the Government in conjunction with TenU’s USIT Life Sciences Guide and USIT for Software Guide have been welcomed by LSE as important steps in convening best practice in the development and creation of spin-outs within the sector, building on an UK HE ecosystem that has already proven to be highly productive and successful. LSE recognises the need for transparency to support effective partnerships for maximum value and impact from spin-out creation for all parties, hence our IP Policy has been available on our public website since it was approved. For example, for IP-based ventures, we would typically take from 5-25% as a starting point, with exact terms varying depending on the specific commercial deal and the amount of cash and in-kind investment provided by the university. For non-IP based ventures, our usual expectation would be to take 5-10%, with the precise percentage being differentiated on the basis of the amount of cash and in-kind support from the university.
LSE will continue to develop our policies in light of the recent guidance, seeking to work with other research organisations and with ASPECT members to ensure that best practice and a shared understanding is generated to better serve the social sciences and humanities, where the creation of Intellectual Property is not generally the basis of a spin out, mission-led enterprises are common, and opportunity development cycles are longer than for STEM-based spin-outs. LSE remains committed to improving the spin-out and commercialisation experience of our entrepreneurs, investors and partners.
Intellectual Property Policy
Intellectual Property Policy FAQ
Lecture Recording Policy