Universities are being forced to look beyond their traditional roles of teaching and doing original research. The driver is above all financial pressure as governments and fee payers seek to limit their contributions. Attention is increasingly being focused on the exploitation of intellectual property generated by academics, but the situation is complex. What constitutes intellectual property? Who owns it? How can it best be exploited?This book aims to answer these questions using the experiences of practitioners in the area. This should be helpful to academics, university administrators, and those involved in the growing activity called technology transfer. This latter activity involves not just those within universities, but also business angels, venture capitalists and major companies which increasingly look towards academic research to bolster their research pipelines.After a review of the recent history and the current situation, the views and experiences of experts are presented. These range from those of a very senior lawyer, a patent attorney and a solicitor to those of a set of practitioners involved in technology transfer. Finally a provocative look at the ethics of the situation is presented.We hope that this broad coverage will help individuals to navigate this increasingly important area which is now seen as a measure of the impact of a university as well as a potential source of finance.