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Standard Agreements

BIRAD publishes its binding commercialization principles and its full standard license agreements — uniform, pre-published terms for every deal, in accordance with the national Memorandum of Understanding on technology transfer.

Binding, uniform terms · Version 1.0

Published in accordance with the Memorandum of Understanding on commercialization and knowledge transfer between the Ministry of Finance (Budget Department), the Association of University Heads (VERA) and the Planning and Budgeting Committee (VATAT), May 2026.

Every agreement BIRAD signs under these tracks follows the published form. The binding economic values are set out below, by track and by Standard Set; the complete legal documents are available for download. Deviations from the published form may be requested only by the company or by the inventors, and are recorded transparently in the agreement itself.

How the Standard Set Is Determined

Each agreement is classified at signing into one of three published sets. The classification is based on the nature of the licensed products themselves — not on business forecasts or the founders' estimates of time-to-market:

Fast

Applies only where all licensed products, services and uses are digital-only — software, SaaS, applications, cloud platforms, algorithms, AI models and data products — with no regulated product and no dedicated physical element.

Medium

Applies in any other case — engineering and hardware, materials and chemistry, non-regulated devices, research-use biology, and digital products that are part of a new dedicated device or require dedicated hardware.

Long

Applies where the license includes at least one regulated product — any product whose marketing requires product-specific regulatory approval in Israel, the US or the EU: pharma and biotech, medical devices, clinical diagnostics and medical software. A single regulated product places the entire agreement in the Long set.

The Standard Set is determined by BIRAD alone under the published Classification Schedule, on a product-by-product basis, with the highest classification applying to the agreement as a whole. It is documented in a Classification Record delivered before signing, is fixed for the term, and is not subject to negotiation. The labels Fast, Medium and Long identify the applicable economic set only — they are not a representation or estimate of actual time to market.

The Binding Economic Principles

Track 1 — The Founders Track (Nachshon): New Companies

Applies to the formation of new companies based on Bar-Ilan technology. No university equity; a fixed, non-dilutable exit fee.

ComponentFastMediumLong
Exit Fee (% of Exit Proceeds)2%3%4%
Exit Fee floor after full Buyout1%1.5%2%
Running Royalty (alternative)5%4%3%
One-Time Sales Milestone (alternative)US$400,000US$1,000,000US$2,000,000
Cumulative Net Sales thresholdUS$4,000,000US$10,000,000US$20,000,000
Long-Stop for First Worldwide Commercial Sale6 years9 years12 years
Maximum Buyout Steps (to the floor)234

Additional binding terms

  • University / BIRAD equity: 0%. No board seat or observer, no anti-dilution, pre-emptive or co-sale rights, and no involvement in management.
  • The Exit Fee is fixed and non-dilutable, and applies to exit events, changes of control and public listings as defined in the agreement.
  • Exit Percentage Buyout — at the company's sole election: 0.5 percentage points per US$50,000,000 of valuation achieved; step prices US$250,000 / US$500,000 / US$750,000 / US$1,000,000; floor — half of the original percentage.
  • Sales consideration: an irrevocable election at signing between the Running Royalty and the One-Time Sales Milestone.
  • Non-Royalty Sublicense Income: 10%.
  • License issuance fee: none. Annual exclusivity fees: none in years 1–2; NIS 50,000 per year from the 3rd anniversary while no first commercial sale has occurred; NIS 100,000 per year from the 5th anniversary while no revenues have been received; fees paid are credited against future sales consideration.
  • Patent expenses: reimbursement of documented past expenses, and 100% of documented future expenses in the Core Countries.
  • Deviations from the published form may be requested only by the company or by the inventors, and are recorded transparently in the agreement's Deviation Schedule.

Track 2 — Established Companies: Royalty Track

Applies to licenses granted to established companies with ongoing commercial operations. Sales-based consideration only — no equity and no participation in exit proceeds.

ComponentFastMediumLong
Running Royalty (alternative)5%4%3%
One-Time Sales Milestone (alternative)US$1,200,000US$3,000,000US$6,000,000
Cumulative Net Sales thresholdUS$4,000,000US$10,000,000US$20,000,000
Long-Stop for First Worldwide Commercial Sale6 years9 years12 years

Additional binding terms

  • No equity, options or securities of any kind; no board seat or observer; no involvement in management.
  • No exit fee and no participation of any kind in the proceeds of a merger, acquisition, sale of shares or assets, public offering or any other change of control.
  • Sales consideration: an irrevocable election at signing between the Running Royalty and the One-Time Sales Milestone.
  • Non-Royalty Sublicense Income: 10%.
  • License issuance fee: none. Annual exclusivity fees: none in years 1–2; NIS 50,000 per year from the 3rd anniversary while no first commercial sale has occurred; NIS 100,000 per year from the 5th anniversary while no revenues have been received; fees paid are credited against future sales consideration.
  • Patent expenses: reimbursement of documented past expenses, and 100% of documented future expenses in the Core Countries.
  • Deviations from the published form may be requested only by the company or by the inventors, and are recorded transparently in the agreement's Deviation Schedule.

The Full Standard Agreements

📄

Nachshon Standard Exclusive License Agreement

New companies — The Founders Track
Version 2.0 · August 4, 2026
📄

Established Company Standard License Agreement

Established companies — Royalty Track
Version 2.0 · August 4, 2026

Version History

DocumentVersionDateNotesArchive
Nachshon Standard Exclusive License Agreement 2.0 August 4, 2026 Full publication
Established Company Standard License Agreement 1.0 July 22, 2026 Initial publication

תקציר בעברית

בהתאם למזכר ההבנות בנושא מסחור והעברת ידע במוסדות המחקר (אגף התקציבים במשרד האוצר, ור"ה וות"ת, מאי 2026), ביראד מפרסמת באופן פומבי את עקרונות המסחור המחייבים שלה ואת נוסחי ההסכמים האחידים במלואם. העקרונות חלים על שני מסלולים: מסלול נחשון להקמת חברות חדשות, ומסלול תמלוגים לחברות קיימות. הערכים הכלכליים המחייבים מוצגים בטבלאות שבעמוד זה לפי שלושה סטים (מהיר, בינוני, ארוך), והנוסח המשפטי המלא זמין להורדה. חריגות מהנוסח שפורסם אפשריות רק לבקשת החברה או החוקרים, ומתועדות בנספח החריגות של ההסכם. אין בפרסום זה משום הצעה מחייבת; הסכם משתכלל רק בחתימת שני הצדדים.

This page and the documents on it are published for transparency and do not constitute an offer, a commitment or legal advice. No binding agreement exists until a definitive agreement has been fully signed by both parties; unsigned drafts are not offers. In the event of any inconsistency between this page and a signed agreement, the signed agreement prevails. Track eligibility and execution remain subject to BIRAD's discretion and to the University's Discoveries Regulations.
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