{"id":2247,"date":"2022-08-11T02:16:54","date_gmt":"2022-08-11T02:16:54","guid":{"rendered":"https:\/\/research.utm.my\/office-kl\/?page_id=2247"},"modified":"2022-09-30T01:26:44","modified_gmt":"2022-09-30T01:26:44","slug":"spin-off-company-icc-utmkl","status":"publish","type":"page","link":"https:\/\/research.utm.my\/office-kl\/spin-off-company-icc-utmkl\/","title":{"rendered":"Spin-off company ICC UTMKL"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Header&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#5b0000&#8243; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;77deg&#8221; background_color_gradient_stops=&#8221;#424242 0%|#d1d1d1 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_image=&#8221;https:\/\/research.utm.my\/wp-content\/uploads\/sites\/51\/2022\/08\/razak-1.jpg&#8221; background_blend=&#8221;multiply&#8221; animation_style=&#8221;fade&#8221; animation_duration=&#8221;1350ms&#8221; animation_starting_opacity=&#8221;13%&#8221; animation_speed_curve=&#8221;ease&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; z_index=&#8221;10&#8243; custom_padding=&#8221;18%||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|700|||||||&#8221; header_font_size=&#8221;83px&#8221; custom_margin=&#8221;|-33px||-13px|false|false&#8221; custom_padding=&#8221;|0px||0px|false|false&#8221; animation_style=&#8221;fade&#8221; animation_duration=&#8221;1750ms&#8221; animation_speed_curve=&#8221;ease&#8221; header_text_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1 style=\"text-align: left\"><span style=\"color: #ffffff\">SPIN-OFF COMPANY ICC UTMKL<\/span><\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Services&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#820000&#8243; custom_padding=&#8221;0px||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; custom_padding_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;RGBA(255,255,255,0)&#8221; width=&#8221;100%&#8221; max_width=&#8221;1796px&#8221; custom_margin=&#8221;-4px||||false|false&#8221; custom_padding=&#8221;31px|34px||34px|false|false&#8221; custom_padding_tablet=&#8221;0px|0px|||false|false&#8221; custom_padding_phone=&#8221;0px|0px|||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;96px|30%|6vw|60px|false|false&#8221; custom_padding_tablet=&#8221;|30px||30px|true|true&#8221; custom_padding_phone=&#8221;76px|20px|76px|20px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#E09900&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;11px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;ABeeZee|700|||||||&#8221; text_text_color=&#8221;#E09900&#8243; text_font_size=&#8221;32px&#8221; text_line_height=&#8221;1em&#8221; header_font=&#8221;ABeeZee||||||||&#8221; header_text_color=&#8221;#E09900&#8243; header_font_size=&#8221;22px&#8221; width=&#8221;244%&#8221; max_width=&#8221;250%&#8221; custom_margin=&#8221;-38px|-34px||49px|false|false&#8221; custom_padding=&#8221;|0px||0px|false|false&#8221; text_text_shadow_style=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1 style=\"text-align: center\"><strong>CREATION OF UNIVERSITY SPIN OFF \/ JOINT-VENTURE COMPANIES<\/strong><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ABeeZee|700|||||||&#8221; header_font_size=&#8221;16px&#8221; width=&#8221;150%&#8221; max_width=&#8221;200%&#8221; custom_margin=&#8221;0px|0px|-2px|-18px|false|false&#8221; custom_padding=&#8221;|0px||0px|false|false&#8221; header_text_shadow_style=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><span style=\"color: #ffffff\">Spin-off Definition<\/span><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;5ff55506-da7d-4dd7-b409-9d62c7203201&#8243; text_font=&#8221;Archivo||||||||&#8221; text_text_color=&#8221;rgba(0,0,0,0.72)&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;ABeeZee||||||||&#8221; header_font_size=&#8221;11px&#8221; header_2_font=&#8221;ABeeZee||||||||&#8221; header_2_font_size=&#8221;14px&#8221; custom_margin=&#8221;|-233px||-20px|false|false&#8221; text_font_size_tablet=&#8221;15px&#8221; text_font_size_phone=&#8221;14px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_font_size_tablet=&#8221;55px&#8221; header_font_size_last_edited=&#8221;off|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1 style=\"text-align: justify\"><span style=\"color: #ffffff\">\u201cA company that is exploiting a university or research institution intellectual property. The university or research institution may or may not own equity in the company. However, the royalty (running royalty and upfront fees) will be charged by the parent organisation due to exploiting the IP rights based on the negotiation.\u201d<\/span><\/h1>\n<h1 style=\"text-align: justify\"><span style=\"color: #ffffff\">In this context a joint venture company is defined as a spin-off company if the company exploiting the University IPs.<\/span><\/h1>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;96px|30%|5vw|60px|false|false&#8221; custom_padding_tablet=&#8221;|30px||30px|true|true&#8221; custom_padding_phone=&#8221;76px|20px|76px|20px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|10px|10px|10px|10px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#E09900&#8243; box_shadow_style=&#8221;preset1&#8243; box_shadow_spread=&#8221;10px&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ABeeZee|700|||||||&#8221; header_text_color=&#8221;#E09900&#8243; header_font_size=&#8221;27px&#8221; custom_margin=&#8221;-14px|-271px||-37px|false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; header_text_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1 style=\"text-align: center\">TYPE OF UTM SPIN-OFF<\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;5ff55506-da7d-4dd7-b409-9d62c7203201&#8243; text_font=&#8221;Archivo||||||||&#8221; text_text_color=&#8221;rgba(0,0,0,0.72)&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;ABeeZee||||||||&#8221; header_font_size=&#8221;12px&#8221; header_2_font=&#8221;ABeeZee||||||||&#8221; header_2_font_size=&#8221;19px&#8221; custom_margin=&#8221;39px|-237px||-16px|false|false&#8221; custom_padding=&#8221;||0px|||&#8221; text_font_size_tablet=&#8221;15px&#8221; text_font_size_phone=&#8221;14px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; header_font_size_tablet=&#8221;55px&#8221; header_font_size_last_edited=&#8221;off|desktop&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li style=\"text-align: justify\">\n<h1 style=\"text-align: justify\"><span style=\"color: #ffffff\">With UTM equity in company (Dividends generated from the successful operation of the company and distributed to the participation organizations or individuals in proportion to the amount of equity they hold in the company)<\/span><\/h1>\n<\/li>\n<li>\n<h1 style=\"text-align: justify\"><span style=\"color: #ffffff\">Without UTM equity in company.<\/span><\/h1>\n<p><span style=\"color: #ffffff\"><\/span><\/p>\n<\/li>\n<\/ul>\n<p><span style=\"color: #ffffff\"><\/span><\/p>\n<p><span style=\"color: #ffffff\"><\/span><\/p>\n<p><span style=\"color: #ffffff\"><\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Feature&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_image=&#8221;https:\/\/research.utm.my\/wp-content\/uploads\/sites\/51\/2022\/08\/About-The-Company.jpeg&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;33px||||false|false&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_blur=&#8221;42px&#8221; box_shadow_spread=&#8221;15px&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;rgba(255,255,255,0.33)&#8221; min_height=&#8221;403.2px&#8221; custom_margin=&#8221;-1px||3px||false|false&#8221; custom_padding=&#8221;30px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;96px|15%|96px|60px|true|false&#8221; custom_padding_tablet=&#8221;|30px||30px|true|true&#8221; 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text_text_shadow_style=&#8221;preset2&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><span style=\"color: #800000\">REQUIREMENTS\/PROCESS<\/span><\/h1>\n<p>[\/et_pb_text][et_pb_blurb title=&#8221;Letter of intent or request of discussion from researcher&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#x4e;||divi||400&#8243; icon_color=&#8221;#FFFFFF&#8221; image_icon_background_color=&#8221;#05060d&#8221; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;16px&#8221; content_max_width=&#8221;100%&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ABeeZee|700|||||||&#8221; header_text_color=&#8221;#05060d&#8221; header_font_size=&#8221;14px&#8221; header_line_height=&#8221;1.5em&#8221; image_icon_custom_padding=&#8221;8px|8px|8px|8px|false|false&#8221; animation=&#8221;off&#8221; header_font_size_tablet=&#8221;16px&#8221; header_font_size_phone=&#8221;15px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; border_radii_image=&#8221;on|100%|100%|100%|100%&#8221; use_circle=&#8221;on&#8221; circle_color=&#8221;#05060d&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; image_icon_background_color__sticky_enabled=&#8221;#7EBEC5&#8243; image_icon_background_color__sticky=&#8221;#7EBEC5&#8243;][\/et_pb_blurb][et_pb_blurb title=&#8221;If the proposed spin-off company will be a joint-venture company, form 49 and 24 of the existing company is required to be attached with the letter of intent.&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#x4e;||divi||400&#8243; icon_color=&#8221;#FFFFFF&#8221; image_icon_background_color=&#8221;#05060d&#8221; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;16px&#8221; content_max_width=&#8221;100%&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ABeeZee|700|||||||&#8221; header_text_color=&#8221;#05060d&#8221; header_font_size=&#8221;14px&#8221; header_line_height=&#8221;1.5em&#8221; image_icon_custom_padding=&#8221;8px|8px|8px|8px|false|false&#8221; animation=&#8221;off&#8221; header_font_size_tablet=&#8221;16px&#8221; header_font_size_phone=&#8221;15px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; border_radii_image=&#8221;on|100%|100%|100%|100%&#8221; use_circle=&#8221;on&#8221; circle_color=&#8221;#05060d&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; image_icon_background_color__sticky_enabled=&#8221;#7EBEC5&#8243; image_icon_background_color__sticky=&#8221;#7EBEC5&#8243;][\/et_pb_blurb][et_pb_blurb title=&#8221;Negotiation takes place as related matter in 4.1&#8243; use_icon=&#8221;on&#8221; font_icon=&#8221;&#x4e;||divi||400&#8243; icon_color=&#8221;#FFFFFF&#8221; image_icon_background_color=&#8221;#05060d&#8221; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;16px&#8221; content_max_width=&#8221;100%&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ABeeZee|700|||||||&#8221; header_text_color=&#8221;#05060d&#8221; header_font_size=&#8221;14px&#8221; header_line_height=&#8221;1.5em&#8221; image_icon_custom_padding=&#8221;8px|8px|8px|8px|false|false&#8221; animation=&#8221;off&#8221; header_font_size_tablet=&#8221;16px&#8221; header_font_size_phone=&#8221;15px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; border_radii_image=&#8221;on|100%|100%|100%|100%&#8221; use_circle=&#8221;on&#8221; circle_color=&#8221;#05060d&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; image_icon_background_color__sticky_enabled=&#8221;#7EBEC5&#8243; image_icon_background_color__sticky=&#8221;#7EBEC5&#8243;][\/et_pb_blurb][et_pb_blurb title=&#8221;Business plan preparation from the new company (proposed spin-off company)&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#x4e;||divi||400&#8243; icon_color=&#8221;#FFFFFF&#8221; image_icon_background_color=&#8221;#05060d&#8221; icon_placement=&#8221;left&#8221; image_icon_width=&#8221;16px&#8221; content_max_width=&#8221;100%&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;ABeeZee|700|||||||&#8221; header_text_color=&#8221;#05060d&#8221; header_font_size=&#8221;14px&#8221; header_line_height=&#8221;1.5em&#8221; image_icon_custom_padding=&#8221;8px|8px|8px|8px|false|false&#8221; animation=&#8221;off&#8221; header_font_size_tablet=&#8221;16px&#8221; header_font_size_phone=&#8221;15px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; border_radii_image=&#8221;on|100%|100%|100%|100%&#8221; use_circle=&#8221;on&#8221; circle_color=&#8221;#05060d&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; image_icon_background_color__sticky_enabled=&#8221;#7EBEC5&#8243; image_icon_background_color__sticky=&#8221;#7EBEC5&#8243;][\/et_pb_blurb][et_pb_blurb title=&#8221;A paper work will be prepared by ICC to JPU for approval&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#x4e;||divi||400&#8243; icon_color=&#8221;#FFFFFF&#8221; image_icon_background_color=&#8221;#05060d&#8221; 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