Term of Reference

Approved by Council 5 July 2007, Revised 3 July 2008, 16 May 2013.

• (a) to consider and approve, on behalf of the university, the arrangements for commercialisation of university intellectual property where the value of the intellectual property is expected to exceed £250,000;
• (b) to act as a supervisory board in overseeing the University's interest, purchased from University Challenge Funds (UCF) monies in companies and in considering all future investments from available UCF cash.
• (c) to support the acceleration of exploitation opportunities for University intellectual assets which have significant economic and social impact.

Procedural Rules

• Membership and Appointment of Chair: The Vice-Chancellor is Chair of the Board. The Membership of the Board is approved by Council
• Co-option: See Council Standing Orders 16(iv) and 16(v)
• Alternates: Not permitted (Council Standing Orders 17(iv))
• Quorum: One third of the membership (Council Standing Order 16(vi))
• Minutes: To Council.