Retention of Royalties and Fees from the Licensing of Crown-Owned Intellectual Property
DATE: July 19, 1993
TO: Deputy Ministers and Heads of Agencies
FROM: Sid Gershberg
SUBJECT: Retention of Royalties and Fees from the Licensing of Crown-Owned Intellectual Property
On June 2, 1993, the Treasury Board approved a submission from the Minister of Industry, Science and Technology and the Minister for Science regarding the retention of royalties and fees from the licensing of Crown-owned intellectual property.
Departments and agencies are now authorized to receive, through Supplementary Estimates, an annual appropriation equal to all revenues arising from the licensing of Crown-owned intellectual property which the department or agency remitted to the Consolidated Revenue Fund in the previous fiscal year. The Multi-Year Operational Plan (MYOP) will be used as the mechanism for reporting on the previous year's actual revenues and seeking authority to include an item in Final Supplementary Estimates in the current fiscal year. This process will begin as part of the 1994-95 MYOP review, which will provide authority for 1993-94 Final Supplementary Estimates, based on qualifying 1992-93 revenues.
These amounts are intended to be used toward the costs associated with incentive awards for technology transfer and other technology transfer activities undertaken by the department or agency. The Treasury Board recently approved a revised awards policy in this area; more details will follow in a separate letter from the Human Resources Policy Branch.
If you would like further information on the retention of royalties, please contact your Program Branch analyst.
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