The Computer Laboratory@University of Cambridge has launched a new approach to licensing its IP to start-ups that it asserts will be attractive to new companies strapped for cash, strengthen relationships between start-ups and the university, and ultimately lead to the creation of more new companies. Called the "Golden Share," it works like this: The start-up gives a small, non-dilutable percentage of the company (usually 1%) to the Computer Laboratory in exchange for the IP, which enables start-ups "to publicly and consciously link their destinies to those of the Computer Laboratory, and the Computer Laboratory to further strengthen their links with industry," according to a statement released by the laboratory. The statement asserts the following benefits: 1. The deal provides "a clear association of the pedigree of your company's founders with their training and education at the UK's most prestigious university; 2. As a philanthropic gesture, which involves no cash outlay for fast-growing, cash hungry business, it nevertheless enables the success of your company to contribute in a small way, helping future generations of entrepreneurs and academics to follow in your footsteps; 3. On a practical level the 1% Golden Share scheme is a means of ensuring a continuing dialogue between the Computer Laboratory and your company through its various stages of development, enabling you to access the vast network of academics and specialists in your chosen field."
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