Glossary

 

ABN

Australian Business Number

ADB

Asian Development Bank

AFSL

Australian Financial Services Licencei

AIBN

Australian Institute for Bioengineering & Nanotechnology

AMCP

Applied Materials Characterisation & Performance

AO

Order of Australia (merit honour for services)

ARC

Australian Research Council

ASEAN

Association of South East Asian Nations

ASEAN

Ten member countries comprise the Association of Southeast Asian Nations: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Laos PDR, Myanmar, and Cambodia

AusAID

Australian Agency for International Development

AusAID

The Australian Government agency responsible for managing Australia's overseas aid program

BEL

UQ Faculty of Business, Economics, Law & Tourism

C&R

Consulting & Research division

CCRG

Climate Change Research Group

CEAL

Cetacean Ecology & Acoustics Laboratory

CEO

Chief Executive Officer

CFO

Chief Financial Officer

CILR

ARCi Centre of Excellence for Integrated Legume Research

CO2

Carbon Dioxide

COMET

AusIndustry 'Commercialising Emerging Technologies' fund

Commercialisation

The pathway to deriving a financial return from intellectual property; not all innovations can be commercialised - some innovations have enormous intellectual or social value but no marketable value

Disclosure

Revelation of new intellectual property

EGA

Libyan Environment General Authority

EIR

Entrepreneur-in-Residence

Exit

Disposing of an investment, generally the selling of shares in a company

Expert opinion

UniQuest sources independent, academic experts with experience in legal and insurance cases for providing testimonies, reports, comment, peer reviews, investigations, and chemical and material analyses

FDA

Food and Drug Administration, United States of America

FPDA

Fresh Produce Development Agency

FTE

Full Time Equivalent

GAI

Geriatric Anxiety Index

HARC

Humpback Acoustic Research Collaborations

Innovation

To make changes or make novel: in the commercialisation context, innovation and technology are used interchangeably to describe an invention or research result that has commercial application

Intellectual property (IP)

Property rights covering innovations, discoveries, creations or any other original products of a human’s intellect

International development

Aid programs run by the governments of developed nations, non-government organisations, such as World Vision, and international government organisations, such as the World Banki. They are long-term, multi-disciplinary projects aimed at improving the quality of life in developing communities. In general, projects are designed to enable developing countries to create the capacity for sustainable solutions to their problems

Invention

a product of human ingenuity that is both new and of practical benefit

IP

Intellectual Property

ITEE

UQ Faculty of Information Technology & Electrical Engineering

JCU

James Cook University

Licence

A contract in which an IPi owner grants a company permission to make, use or sell the IP. Generally there is a licensing fee charged by the owner of the IP and/or a right to a percentage of the profits (royalty stream)

MICD

Manager of Innovationi & Commercial Development (UniQuest)

MICD

UniQuest Manager of Innovationi and Commercial Development, who provides professional commercialisation services and provides an interface between researchers and the market

MMRI

Mater Medical Research Institute

NZAID

New Zealand Agency for International Development

NZAID

The New Zealand Government’s international aid and development agency

Patent

A government granted right for the exclusive privilege to make or sell an invention for a limited period (it also prevents anyone else from doing so). When a patent is granted, the applicant becomes its owner and can sell, licence or mortgage the patent. For a patent to be granted, the applicant must disclose how the invention works. Patents are territorial rights only.

PhD

Doctorate of Philosophy

Plc

Public Limited Company in the United Kingdom & the Republic of Ireland

PNG

Papua New Guinea

Proof-of-concept

A crucial experiment or study which validates the commercial potential of an innovation - for example comparative experiments, testing a hypothesis, constructing a prototype, ironing out technical issues, or engaging a consultant to provide expert industry advice

PSCRG

Prosperous & Sustainable Communities Research Group

PTY LTD

Proprietary Limited

QAO

Queensland Audit Office

QBI

Queensland Brain Institute

Royalty

A payment for the right to use IPi; generally a negotiated percentage share of a revenue stream

SBS

UQ Faculty of Social & Behavioural Sciences

Start-up company

A new, early-stage company formed to raise investment and take a technology to the market

Techcom

Technology Commercialisationi division

UOW

University of Wollongong

UQMP

University of Queensland Materials Performance

US

United States of America

UTAS

University of Tasmania

UTS

University of Technology, Sydney

Venture capital

High-risk private equity funding for new high-potential companies

WGCP

UQ Working Group for Cleaner Production

World Bank

A source of financial and technical assistance to developing countries around the world, made up of two unique development institutions owned by 187 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)