Skip to main content

Revenue Generating Units

 

All revenue generating activities, including units renting out space, equipment, etc, require approval of the Senior Leadership Team.  The approval and monitoring of activities for Ontario Tech is guided by the objective that arrangements are beneficial and that the interests of existing activities and enterprises are protected.  Activities are evaluated based on the following criteria:

  • Alignment with, and potential to contribute to, Ontario Tech’s strategic goals;
  • Ability to meet the needs of the campus community and its partners;
  • Extent to which the activity is expected to be profitable (including covering direct costs, contributions to covering allocated overhead and savings for future maintenance);
  • Acceptable risk profile as determined by the Office of Risk Management; and,
  • “Worth the effort”

 

Revenue Generating Units are subject to the protocols outlined below and are required to submit updated business plans on an annual basis to ensure alignment with both the protocols and the criteria set out above.