Introduction to NUS Enterprise © National University of Singapore
Experiential Entrepreneurial Education Active Industry Partnership Entrepreneurship Support Asia’s Thought Leader for Innovation & Enterprise NUS Enterprise – What We Do
Industry Engagement & Partnership Industry Liaison Office (ILO) going beyond the usual tech transfer office
IP Management – Commercialize IP IP Management – Commercialize IP Industry Relations – Promote Collaboration Industry Relations – Promote Collaboration Industry Liaison Office Transform Innovation into Products and Services Strategic engagement with industry Close interaction with faculties and research centers Lead in negotiations for external collaborations Strategic engagement with industry Close interaction with faculties and research centers Lead in negotiations for external collaborations Protect Commercialize Evaluate Managing IP Beyond NUS Managing IP Beyond NUS Mechanobiology Institute, Singapore Research Center of Excellence Research Center of Excellence: 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 Upfront 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 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
Training Workshops Office Space & Shared Services Mentorship & Networks NEI Incubation Services Support Provided by NUS Enterprise Incubator
Thank you