Mark, Agreed that something like this makes the most sense for a StartupCamp idea designed to spawn a long term, real business. I think many of the participants at the last camp however saw the benefit of participation as the journey, and registering companies isn't free.
Having said that, Allan from TVP was pretty impressed with what he saw in Sunday, so who's to say January's event can't come with a bit of funding to buy a few $500 companies from ASIC, one for each group, or alternatively vesting things into a central entity or association (which of course then needs to have governance, etc, etc). Geoff -----Original Message----- From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of Mark Neely Sent: Tuesday, 9 September 2008 9:22 AM To: [email protected] Subject: [SiliconBeach] Startup Camp IP issues Elias, IP is always going to be an issue when you co-create something that has commercial value. I've done some work with CRCs (Co-operative Research Centres) and the trickiest thing is always bedding down an IP policy that everyone agrees with. The model that I've seen work best is the following: - IP rights are vested in a central body (in which all participants are members/shareholders) - All participants who contributed to the creation of specific IP rights have an implied right to license the rights (non-exclusive) - The central body is empowered to license (or sell) the IP rights to 3rd parties (i.e. non-participants) - License fees are split among those who contributed to the creation of the specific IP rights. - If a given participant who has an implied right to license specific IP opts not to, they can still vote against licensing to a 3rd party if that 3rd party is a competitor. Example: During a StartUp Camp session, Bob, Alice, Tim and Steve collectively brainstorm a business concept, develop a prototype and a business plan. Ownership of the IP vests in Startup Camp Pty Ltd. Bob and Alice decide they want to commercialise the IP together, and Steve decides he wants to give it a go himself. Tim has no interest in commercialising the idea. Startup Camp Pty Ltd grant Bob & Alice a license (for $1000 per annum), and similarly grants Steve a license (for the same fee). Startup Camp Pty Ltd has raised $2000 in license fees. After deducting an admin fee, it pays a quarter each to Bob, Alice, Tim & Steve. Of course, the devil is always in the detail, but the broad model is fairly equitable. Regards, Mark ----- Mark Neely Master Strategist Infolution Pty Ltd e: [EMAIL PROTECTED] m: +61 (0)412 0417 29 skype: mark.neely Read my blogs --> www.infolution.com.au www.neelyready.com Connect on LinkedIn --> www.linkedin.com/in/markneely -----Original Message----- From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of Elias Bizannes Sent: Monday, 8 September 2008 7:13 PM To: Silicon Beach Australia Subject: [SiliconBeach] Re: Startup Camp II This is 100% Bart, no need to give me any credit on this fantastic initiative. I just helped the guys out on the last day when I could fit in some time. As for the process - the guys on the Friday night posted ideas on a wall, and then whittled them down - the whole point is the journey, not the destination. - IP is an issue and Bart suggested some ideas, but nothing conclusive. One of them is IP is held by a common community based organisation; the other alternative is that the actual founders get an equal equity stake. - Feedback on the event: http://www.startup-australia.org/startupweekendfeedback --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
