For each piece of intellectual property, the revenue from successful exploitation by Oxford University Innovation (whether lump sums or royalties, from option, licence, assignment or other agreements), is:

• first subject to repayment of external project costs including patenting and legal costs;
• Oxford University Innovation then retains 30% as a contribution towards its ongoing costs on this and other patents;
  • the remainder, i.e. 70% of the net licence income, is then passed on to the University for distribution to the researchers, General Fund and Department, in accordance with University Council Regulation 7 of 2002.

(Effective since 1st April 2003. * This figure is intended to enable the University to pay Employer’s National Insurance Contributions but otherwise leave the General Fund out of distribution in that band).

The University Finance Department handles distribution of royalties to researchers.