well a girl i know who developed a project for bis this year in ucc wasent allowed to profit off her project. According to her, the college are now profiting of it, but she does get the credit for implementation, idea etc. Thats a nice how you do eh?
But typically this rule is in the college prospecus under the section of FYP for each course. I’ve never heard of any college which didnt own the rights to the project, its like working in a job, the product produced is their property. if you dont like it dont develop on college premises\licenses.