This is a follow-up to How good are entrepreneurial opportunities for faculty members?. Say, a few researchers, professors and their students, at a university would like to start a company to exploit and commercialize their research.
Who owns the copyright/patent of their research? Will the university claim ownership of the startup company? What is the general procedure?
The university cannot claim ownership of the company as such, however, they can claim ownership of some intellectual property without which the company is worthless.
The only way how it could gain ownership of company shares is if you make a copyright/patent licencing deal which would include those shares as part of the compensation.