Transcript University-Industry Collaborations
Introduction to NUS Enterprise
© National University of Singapore
NUS Enterprise – What We Do Experiential Entrepreneurial Education Active Industry Partnership Entrepreneurship Support Asia’s Thought Leader for Innovation & Enterprise
Industry Engagement & Partnership Industry Liaison Office (ILO)
going beyond the usual tech transfer office
Industry Liaison Office
Transform Innovation into Products and Services
Industry Relations – Promote Collaboration IP Management – Commercialize IP Managing IP Beyond NUS Research Center of Excellence: • Strategic engagement with industry • Close interaction with faculties and research centers • Lead in negotiations for external collaborations Evaluate Commercialize Protect Mechanobiology Institute, Singapore CREATE: Hebrew University of Jerusalem’s Research Centre on Inflammatory Diseases
Typical terms in a technology licence
• Exclusive or non-exclusive • Field of use and territory • Term of license • Sublicensing rights • Financial provisions • Warranty and indemnity • Rights to publish • Performance milestones
Some Typical Terms
•
Upfron
t is the out of pocket NUS has paid for IP protection.
Royalty rates
to be negotiated (typically 1 to 5% net sales);
Sublicensing
at 20% to 80%.
Minimum royalty payments
to be considered • Standard NUS
confidentiality, indemnity
and
warranty
terms •
Performance clauses
based on business plans of the company •
Termination
for cause only.
Option to Evaluate
•
30- 90 day option
to assess commercial value and performance of NUS IP •
No option fee
if no patent filed and non-exclusive evaluation •
Restriction of use
to evaluation and marketing activity only • Standard
Confidentiality terms
•
License agreement
put in place if company exercises option after evaluation
Entrepreneurship Support NUS Entrepreneurship Centre (NEC)
NUS Enterprise Incubation Support for IDM – iJAM Reload Incubator
NUS Enterprise Incubation Support for IDM – iJAM Reload Incubator
• Calling for start-ups and entrepreneurs who are interested in developing innovative IDM products and services NUS linked – NUS students/alumni/staff or licensing NUS technologies • Apply for iJAM funding through NUS Enterprise Incubator for up to $250,000 in seed funding
Support Provided by NUS Enterprise Incubator
Training Workshops Office Space & Shared Services Mentorship & Networks NEI Incubation Services