Wellcome guards its property

May 19, 1995

The Wellcome Trust plans to set up a technology transfer company to exploit intellectual property rights associated with research work it backs in universities.

The idea was floated by the Wellcome Trust at a meeting with nearly 50 university directors of industrial liaison recently.

The trust also wants to revise the conditions attached to its grants "to ensure that, where IP rights are not directly taken in the trust's name, exclusive exploitation rights are first available to the trust". If the trust rejected the right to intellectual property then it would revert to the universities. Many members of UDIL, the university industrial liaison organisation, are concerned that the trust proposals would limit the freedom of universities to continue work initially backed by the trust with other partners later.

David Thomas, chief executive of Impel, the technology transfer arm of Imperial College, London, said: "I have concern that if the trust seeks the right of first refusal to exploit all research which it supports, this will damage existing university technology transfer units which have grown up since a similar, stifling, BTG monopoly was removed in 1985."

Roger Holdom, managing director of UCLI, the commercial arm of University College, London, said that the proposals run "countercurrent" to guidelines issued by the Committee of Vice Chancellors and Principals which state that intellectual property should reside initially with the universities.

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

PhD Position in Archaeology and Cultural History

Norwegian University Of Science & Technology -ntnu

PhD position in Energy and Process Engineering

Norwegian University Of Science & Technology -ntnu

PhD position in Energy and Process Engineering

Norwegian University Of Science & Technology -ntnu

PhD position in Industrial Energy Efficiency

Norwegian University Of Science & Technology -ntnu

Postdoc in Traffic Engineering

Norwegian University Of Science & Technology -ntnu
See all jobs

Most Commented

Doctoral study can seem like a 24-7 endeavour, but don't ignore these other opportunities, advise Robert MacIntosh and Kevin O'Gorman

Matthew Brazier illustration (9 February 2017)

How do you defeat Nazis and liars? Focus on the people in earshot, says eminent Holocaust scholar Deborah Lipstadt

Improvement, performance, rankings, success

Phil Baty sets out why the World University Rankings are here to stay – and why that's a good thing

Warwick vice-chancellor Stuart Croft on why his university reluctantly joined the ‘flawed’ teaching excellence framework

people dressed in game of thrones costume

Old Germanic languages are back in vogue, but what value are they to a modern-day graduate? Alice Durrans writes