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