University Ventures Board terms of reference

The terms of reference for the University Ventures Board, including primary responsibilities and procedural rules.

Terms of reference
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Terms of reference

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
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
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

Alternates are not permitted. See Council Standing Orders 17(iv)

Quorum

There shall be a quorum at meetings of one-third of the membership. See Council Standing Order 16(vi)

Minutes

Minutes are submitted to Council.

Version information

Owner: University Ventures Board
Version number:
Approval Date: 5 July 2007, revised 3 July 2008, 16 May 2013
Approved By: Council
Date of last review: 16 May 2013