University of Waterloo: IP ownership and innovation ecosystem

This webinar explored the University of Waterloo’s unique intellectual property (IP) model. Guest speaker from Smart & Biggar, Jason Hynes, a Canadian patent attorney and Waterloo University alumnus, provided in-depth insights into how the university’s approach to IP ownership has fostered a thriving innovation ecosystem. 

If you would like to view the full webinar, complete the form on the right.

Key takeaways from the webinar on the University of Waterloo’s IP Model  

Inventor-owned IP policy

• The cornerstone of Waterloo’s Policy 73 is that IP belongs to its creators—faculty, staff, or students. 
• IP ownership applies even if the work is done using university labs, equipment, or funding. 
• Policy 73 provides clarity on ownership, disclosure requirements, and exceptions (e.g., for contract research). 
• Annual reporting ensures transparency, though much of the system relies on trust and good faith. 
• Investors appreciate the simplicity and flexibility of working with Waterloo-based startups. 

Role of WatCo (TTO) 

• Inventors can choose to apply to WatCo for support. 
• Provides strategic advice, funding support, and commercialisation mentorship. 
• Selective engagement: WatCo only partners on projects with high commercial potential and active inventor involvement. 
• WatCo is funded by the University of Waterloo and not expected to generate profit. This allows it to focus purely on supporting innovation rather than monetising IP. 

Strong entrepreneurial ecosystem

• The University of Waterloo was founded on cooperative education, integrating academic learning with industry placements. 
• The surrounding Waterloo region has a history of diverse manufacturing and tech entrepreneurship (e.g., BlackBerry). 
• This culture supports students and faculty in commercial ventures from day one.

Lessons for New Zealand

• Shifting to a creator-owned IP model alone is not enough—a supportive ecosystem is essential. 
• The success of the model depends on clear policies, collaborative tech transfer support, and a culture of entrepreneurship. 

In summary, the University of Waterloo’s IP framework demonstrates how empowering researchers through ownership, while providing tailored support through a non-profit-driven tech transfer office, can drive innovation and commercialisation. This model offers valuable insights as New Zealand considers reforms in its research and university IP landscape. 

Download a recording of the webinar

If you would like to view the full webinar, complete the form on the right.

Additional links

• Webinar slides
• University of Waterloo Researchers Agreement