Cambridge University Academics to Lose Millions in Intellectual Property Royalties
The patent rules of Cambridge University are to be tightened up and will prevent its academics from making millions of pounds from inventions and discoveries made at the University.
The move follows a vote from the members of the University and is expected to earn the Institution vast revenues from patents acquired in new drugs and software.
It is argued that this move may stifle the promotion of innovation at the University and discourage its academics from creating new inventions. Â
The University currently earns approximately Â£10 million a year from its intellectual propertyÂ rights but with the introduction of more control over the patents to new inventions, are expectedÂ to increase that amount considerably.
Cambridge University state that their inventors will still receive most of the revenues.Â