These frameworks outline how BZ-BIC supports startups through financial assistance, equity/royalty structures, and intellectual property protection—promoting sustainable innovation while ensuring transparency for all stakeholders.
Financial Support & Equity Framework
Benefits for Startups
- Prototyping support: Best three ideas may receive up to PKR 100,000 each
- Mentor incentives: Registered mentors may receive 20% of winning awards
Additional benefits may include Chief Guest certificates and national/international seminar nominations by HEC.
Benefits for Faculty Members
- Recognition: Vice Chancellor certificates for successful faculty
- Research priority: preference for HEC research grants
- Global exposure: international conference nominations
BZU Equity & Royalty Structure
| Equity Stake | Upon startup's first major financing (≥ Rs. 03M): 5% equity |
|---|---|
| Royalty Structure |
Faculty-led: 3% of annual profit Student-led: 2% of annual profit |
| BZU-BIC Equity Distribution Model |
BIC Team Bonus: 1% annual bonus from total returns Faculty Incubate Profits: 5% transferred to BZU-BIC account VC/AI Funding Equity: 2.5% BIC Share: 2.5% Mentors Share: (as applicable)
Note: Terms may be adjusted if BZU provides direct seed funding.
|
Intellectual Property Rights (IPR) Framework
Ownership Principles
- Startup-owned IP: IP developed during incubation remains startup property, provided it is not significantly based on university resources (excluding standard services like office space and internet).
- Joint ownership: If university resources (faculty support, research labs, significant funding) are utilized, the university may claim joint ownership with terms decided through mutual agreement.
Disclosure & Protection
- Mandatory disclosure: Startups must disclose IP to ORIC within 30 days of development
- Protection support: Assistance with patent, trademark, and copyright filings
- Confidentiality: NDAs required to protect sensitive information
Revenue Sharing Models
- No university resources used: 100% startup
- University resources utilized: revenue-sharing agreement required (typically 5–20% university share)
- When BZU manages commercialization: BZU 20%, Inventors/Originators 70%, ORIC-BZU 10%
- If BZU does not manage commercialization: BZU 10%, ORIC 5%, Inventors 85%