Except as otherwise stated in this Policy, the University owns all IP created by Staff:
(a) created in or during the course of employment with the University; or
...
(e) while participating in any project or program supported by funding obtained or provided
by or through the University;

Woah, hang on a fucking second!

Considering the other work I will be doing at the same time (on my own time) I can't afford to let this slip by. I guess I have to get an official clarification or amendment made.