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.


See Council Standing Orders 16(iv) and 16(v)


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


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


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