Facilities Use Agreement University

In determining the adequacy of the commercial use of university premises and facilities, consideration should be given to the following elements: – the competitive potential of local private enterprises that can provide equivalent premises or facilities and services. Compensation to the university for the commercial exploitation of land and facilities. The use agreements are intended for the rental of UB spaces or installations with funds from the Research Foundation for a period of two years or less. Proceeds must be paid into a general account of the University of the Research Foundation (RF). The potential for the non-UB unit to participate in the commercialization of faculty research or to use scientific expertise in its research and development plan. Potential economic impact if marketing efforts are successful. Potential effects on ongoing UB research or education programs. Business plan established by the non-UB unit and including relocation after the end of the facility use agreement.

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