Royalties

Royalties

 

Old Policy Distribution
Royalty distribution

New IP Policy 
Royalty Distribution (A)
Up to R1,000 000.00

New IP Policy
Royalty Distribution (B)
Excess of R1,000 000.00

Unless otherwise agreed, earnings derived from the commercialisation of IP that has been created by a staff member or student, but the ownership of which vests in the University, shall be allocated as follows:

Gross income up to 
R1,000 000.00 (one million rand)

Gross income in excess of
R1,000 000.00 (one million rand)

Step 1

12 % 
of the gross income is allocated to the University for services rendered and to allow for indirect expenses incurred by the University, according to the surcharge of 
3rd stream income.

Step 1

25 % 
of the gross income is allocated to the inventor(s). Such allocation will be shared equally between inventor(s) unless 
otherwise agreed in writing.

Step 1

All direct costs relating to the process of protection and the process of commercialisation and other costs agreed to be recoverable may be recovered by the parties who incurred such direct costs.

Step 2

All direct costs relating to the process of protection and the process of commercialisation and other costs agreed 
to beforehand with the inventor shall be recoverable by the parties who incurred 
those costs.

The balance of the income after the above steps 1 and 2 have been implemented, is 
the net income.

Step 2

All direct costs relating to the process of protection and the process of commercialisation and other costs agreed to be recoverable may be recovered from the gross income by the parties who incurred
 such direct costs.

Step 2

The “second tier net” of income shall be allocated as follows:
35% 
income is allocated to the inventor(s). Such allocation will be shared equally between inventor(s) unless otherwise agreed in writing. 
35%
SU’s internal innovation fund
30% Allocated as follows:
10% SU research account
10% Department
10% Faculty
 

Step 3

50% 
net income allocated to inventor(s) in their personal capacity.

Step 3

First Tier Net Income
The balance of the income shall be allocated as follows:
50% - SU’s internal innovation fund
50% - Allocated as follows:
30% SU research account
10% Department
10% Faculty

Step 4

25% net income allocated pro rata as follows:
8%   SU research account
7%   Department
10% Faculty

Step 5

25%
SU’s internal innovation fund

 

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