Innovation Centre
Inspired by the successful Deshpande Center at MIT
 Explorer Grant
  About | Eligibility | Scope | Faculty Mentor Role | Important Dates | Reports/Meeting | Intellectual Property (IP) and Commercialization | Forms | Report | Funded Projects

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Explorer Grant -Intellectual Property (IP) and Commercialization

The IP protection, ownership and commercialization for Explorer Grant funded projects are summarized below:


 

New IP created or reduced to practice using the Explorer Grant funds will be owned by the Home Institutions.  (If, for example, a student from NTU is the sole inventor, the invention will be owned by NTU).  The patent management for the New IP will be handled by NUS Industry Liaison Office (ILO) and the commercialization will be negotiated by NUS ILO in consultation with the Director, Innovation Centre.

Collaboration on Commercialization.  The commercialization of the New IP will be done collaboratively between the Home Institution, NUS ILO and under the guidance of the Director, Innovation Centre.  A preference will be given to forming a start-up company.

 

Royalty Split. The share of royalty or equity for the New IP will be split according to a formula set in the Master Grant Agreement from the National Research Foundation (a copy of the relevant sections of the Master Grant Agreement is available upon request). However, students will receive the same proportion as if they were faculty at the home institution.