The Centre provides the financial services sector with a unique resource combining autonomous research and development coupled with concept generation
A board consisting of key leaders in the Financial Services Sector, acknowledged experts and senior representatives of relevant Government funding agencies oversees the running of the Centre. Organisations participating in the innovation alliance will be required to contribute to the centre’s overhead costs. In return, participating organisations will receive first option on new and innovative solutions and have a role in shaping the agenda of the centre. Partners are also given an option to licence sector-specific solutions developed in the centre. The partnership will also allow participating organisations to outsource organisation-specific development problems under non-disclosure agreements.
Partners are given first option to exploit project IP from research it has sponsored or collaborated in. In addition, partner organisations will be given an option to negotiate commercialisation for all IP owned solely by the University.
The operating model of the Centre represents a best of breed solution for university/industry collaboration that will prove a key facilitator of technology transfer between university and industry partners.