University Innovation Fund

Presentation by Wong Peng Meng Associate Director NUS Enterprise August 16, 2010

Agenda
NUS Enterprise National Research Foundation (NRF) University Innovation Fund (UIF) Innovation / Entrepreneurship Practicum Extra Chapter Challenge Programme Q&A

NUS Enterprise
(i) Injecting an enterprise dimension to NUS teaching and research involving students, staff and alumni (ii) Early nurturing and creating a conducive environment ffor would-be entrepreneurs

NUS Pivotal Role in Singapores High Technology Economy

Venture capital /angel investors & other venture professionals attracted to work with University World-class R&D investments attracted to collaborate with University

High tech ventures created or facilitated by the University

NUS as a Global Knowledge Enterprise

Talented graduates with entrepreneurial mindsets

Top talents (researchers, students) attracted to work & study in University

NUS Enterprise Components

Experiential Education
- NOC - iLEAD

Faculty & Partners involvement

Industry Engagement & Partnership

-

Entrepreneurial Support
- NEC -Incubators

ILO

Funding Support
Business Plan Review
Promote entrepreneurship Deal prospecting

Incubation
Mentorship & advice on business strategy and operations Physical Space POC/Pre-Seed Funding Schemes

Graduation
Able to Attract external investors Achieve sustainable revenues

University Innovation Fund

iJAM Grant

Yes! Startup Grant

For <26 year olds Match with $4 by SPRING for every $1 raised by applicant. Maximum $50,000.

CleanTech Grant
Supports Cleantech (water, environment and renewable energy) projects The grant support is up to S$500,000

Practicum Award: Supports Interactive Undergrad/ Postgrad Digital Media students may receive up projects to $10k per project to dev/ implement their The grant support is innovative ideas up to S$55,000 XCC: PhD students may receive up to $19.2k to develop a commercialization plan for their research

National Research Foundation (NRF)

The NRF is a department under the Prime Ministers Office (PMO) that sets the national direction for research and development (R&D). The NRF aims to:
Transform Singapore into a vibrant R&D hub that contributes towards a knowledge-intensive, innovative and entrepreneurial economy; and Make Singapore a talent magnet for scientific and innovation excellence.

A five-year budget of S$5 billion was allocated to the NRF in 2006 to achieve this mission.

National Research Foundation (NRF)

The National Framework for Innovation and Enterprise (NFIE)

A comprehensive series of programmes and support schemes to facilitate the flow of knowledge created through R&D in the lab to the marketplace. These programmes promote academic entrepreneurship in the institutes of higher learning and strengthen their links with industry.

Looking for Entrepreneurial Students with great ideas!

Develop a commercialization plan for your research Develop a prototype for your innovative idea Develop a platform to promote entrepreneurship If you have a good idea, we can fund you to bring it one step closer to reality
10

Innovation / Entrepreneurship Practicum Grant

Grant of up to $10,000 per project to develop / implement innovative ideas

Any NUS student, undergraduate or postgraduate

Innovation / Entrepreneurship Practicum Grant

Innovation Commercialisable Economic Value Self sustainable Social Impact

Innovation / Entrepreneurship Practicum Grant

FlightMedia - A Content Management System that enable users to upload the content to the server any time and any where with minimal professional help and cost. WitsVale - A web-based data management system created for teachers and students of the education industry in Singapore. Its database is managed by a proprietary adaptive learning engine. The comprehensive database serves as a repository of teaching materials for tutors and teachers to customise lessons for students.

Extra Chapter Challenge Programme

A competitive fellowship that gives PhD students the opportunity to explore the commercial feasibility of their thesis inventions/discoveries

PhD students interested in commercializing their technology may apply 6-9 months prior to completing their thesis paper Extra Chapter Challenge to commence after the submission of the thesis paper

Extra Chapter Challenge Programme

Granted student pass valid for 5 years
Candidature of PhD ends here Apply for Admission Start PhD Programme 1st submission of dissertation

NUS inform ICA upon conferment of degree

Thesis defense Review by internal & external examiners (on the average takes about 6 months)

Confer PhD degree

Extra Chapter Challenge Programme

(6 months fellowship)

To attend:
Final submission of dissertation Admission granted Exit programme with either a Masters degree or nothing

- Technology commercialisation course - Business plan writing workshop Overseas study visit (if recommended) Assigned an advisor/mentor Write and submit a business plan Present business plan to evaluation panel Work with ILO officers to: - Apply for NRF POC grants - File patent application

Pursuing the Entrepreneurial Path?

Working on POC Starting up new ventures

Extra Chapter Challenge starts

Call for applications Shortlist and interview candidates Make provisional offer to successful candidates

Extra Chapter Challenge Programme

Up to S$19,200 grant (S$3,200 per month for up to 6 months) Fellows will develop a feasibility study or technology commercialisation plan for their invention. This constitutes the extra chapter to their dissertation. Fellows will be assigned an advisor/mentor who is knowledgeable in the technology commercialisation process. The learning process includes enrolling in relevant courses or workshops on innovation and entrepreneurship, meeting prospective customers, working with ILO officers to draft patent applications, file POC applications, etc.

Extra Chapter Challenge Programme

Criteria for Selection
Made discoveries or findings in the course of their PhD dissertation/research that appear to have potential commercial or socially relevant applications Demonstrated entrepreneurial interest/passion to commercialize their research findings/invention Able to propose some initial ideas regarding the possible commercial applications of their research results and how their market feasibility can be explored

Extra Chapter Challenge Programme

5 awards in the 1st Year Examples of projects.
From ECE, FoE
Invention / Developed user-friendly systems that aim to promote mobile Discovery haptic tangible interaction via remote communications. Potential Application A user friendly and cost-effective system for remote human-tohuman or human-to-animal haptic interaction.

From DBS, FoS

Invention / Discovery Potential Application Discovered a new cell penetrating peptide and named it Tritin. Tritin possess many desirable properties not found in other cell penetrating peptides. Tritin is expected to be an important vector for oral drug delivery and topical drug delivery.

All forms and information are available at

www.nus.edu.sg/enterprise/nrf/uif

Q&A

The End