The School takes a collaborative approach to the commercialisation of LSE IP and ensures that, where possible, LSE and the creators of a works each receive a fair share of the financial returns from the commercialisation of that work.
If LSE receives revenues from the licensing or assignment of IP in any work created by LSE members of staff, LSE students and/or LSE visitors that they have assigned to LSE, the net revenues (after the deduction of direct costs) will normally be shared between the creators of the work, their department, faculty or institute, and LSE in accordance with the table below. Prior to any commercialisation activities taking place, all LSE members of staff, students and/or visitors who created the work will be responsible for deciding amongst themselves how their proportion of revenues is split between them.
If a spin-out company is formed to commercialise LSE IP, shares in that spin-out company are typically allocated between LSE and the creators of the IP (e.g. LSE members of staff, LSE students and/or LSE visitors) based on the table below, assuming there are no other investors. However, equity allocations for each LSE spin-out company will be negotiated on a case by case basis, based on the potential value of the business and the respective contributions, commitments and involvement of each creator.
For more information on the exact distribution, please contact the LSE Innovation team.