TERMS OF REFERENCE

The University policy relating to company spin-outs includes the Start Up and Spin Out Group which has the devolved authority of the University Court, via the Policy & Resources Committee (or its successors) with the following remit :

  • To oversee the University’s support for student and staff company creation activities;
  • To provide support for meeting the University Innovation Fund Outcome “(The) sector will have made significant positive change in the way entrepreneurial opportunities are promoted and delivered to students, HEI staff and businesses”;
  • To make the final decisions surrounding the creation of new spin-out companies;
  • To be responsible for monitoring the University’s investment in spin-out and subsidiary companies;
  • To make the final decisions relating to any sale of equity in spin-out and subsidiary companies;
  • To make decisions on loans or temporary financing where the sum involved exceeds £10,000 or where a loan of any value is converted to equity; and
  • To recommend to the Senior Management Team of distribution of any Net Income generated as a result of the sale of equity, along the following principles:
    • A proportion available for non-founding staff inventors as agreed at the time of forming the spin-out;
    • A proportion available to the School(s) from where the activity arose, subject to approval of any proposed activity using the proceeds;
    • The remainder to be retained and managed centrally for strategic purposes proposed by SUSOG, including support for further commercialisation activities.

MEMBERSHIP AND COMPOSITION

Membership

  • Senior Vice Principal or another Vice-Principal (Chair)
  • Another Vice-Principal
  • Director of Finance (or nominee)
  • Director of Research & Innovation
  • Commercialisation Manager
  • Senior member of Academic staff with experience of company creation
  • Up to two additional members with appropriate experience
  • Clerk (in attendance)

Composition

  • Marion Campbell, Vice Principal (Research) (Chair)
  • Karl Leydecker, Senior Vice Principal
  • David Beattie, Director of Finance
  • Liz Rattray, Director of Research & Innovation
  • Ann Lewendon, Commercialisation Manager
  • Senior member of Academic staff with experience of company creation
  • Up to two additional members with appropriate experience
  • Heather Crabb, Executive Assistant & Project Officer (Interim Clerk)

FREQUENCY OF MEETINGS

The SUSOG meets three to four times per session and reports to the Policy & Resources Committee annually.

Further information is available from :

Heather Crabb - Interim Clerk

Email : h.crabb@abdn.ac.uk
Tel : 01224 272404; or

Ann Lewendon - Research & Innovation

Email: a.lewendon@abdn.ac.uk
Tel: 01224 272477

Remit and Membership of the SBVG

The University Court agreed to a new policy relating to company spin-outs in May 2008 and as part of that policy agreed to the creation of the Strategic Business Venture Group to have the devolved authority of the University Court, via the Policy and Resources Committee (or its successors) with the following remit:

  1. To make the final decisions surrounding the creation of spin-out new companies;
  2. To be responsible for the monitoring the University’s investment in spin-out and subsidiary companies;
  3. To make the final decisions relating to any sale of equity in spin-out and subsidiary companies;
  4. To recommend to the University of distribution of any Net Income generated as a result of the sale of equity, along the following principles;
  • a proportion will be available for non-founding staff inventors as agreed at the time of forming the spin-out
  • a proportion to be made available to the School(s) from where the activity arose, subject to approval of any proposed activity using the proceeds
  • and the remaining to be retained and managed centrally for strategic purposes proposed by SBVG, including support for further commercialisation activities. 

Membership

  • Chair - Senior Vice-Principal or another Vice-Principal
  • Another Vice-Principal
  • Director of Finance
  • Director of Research and Innovation
  • Up to two additional members as nominated by the University Court

The SVBG meets three to four times per session and reports to the Policy and Resources Committee annually.

Administrative support is provided by Research and Innovation and clerk is Dr Ann Lewendon.

Further information can be obtained from Research & Innovation on 01224 272123 or res-innov@abdn.ac.uk or a.lewendon@abdn.ac.uk