Licensing terms are negotiable and vary by field of application, geographical markets, and exclusivity. Please contact the relevant licensing officer at NTUitive for more information and follow up discussion.
How is a company chosen to be a licensee?
NTUitive does not choose which companies it licenses its technologies to. Companies must evaluate the technologies for themselves to see if they meet a business or technological challenge they are seeking to overcome.
What can I expect to gain if my IP is licensed?
If your technology is successfully licensed, part of the income from licensing revenues will be distributed back to the inventors, with the remaining divided between the college and NTUitive.
What is the relationship between an inventor and a licensee, and how much of my time will it require?
There is no relationship between inventor and licensee unless the inventor decides to spin off a new company to commercialise the invention. The licensing process for spinoffs is quite straightforward and is considered founder friendly.
What activities occur during commercialisation?
Inventors who are keen to spinoff a company should participate in our free bootcamps to understand how to build businesses, raise capital, and develop markets for their innovations. Inventors also need to negotiate a license with NTUitive before they can commercially exploit the innovations they have developed at the university. If no spinoff is formed, and the intent is to commercialise the innovation through a third-party license, the external party (SME or MNC) will negotiate a license with NTUitive for commercial exploitation of the technology.
What is my role during commercialisation?
If the innovation is licensed to an external party, the PI will be involved in helping to transfer the technology to the licensee. If the PI intends to spin off a new company, he will be involved in building a team to run the business.
What will happen to my invention if the startup company or licensee is unsuccessful in commercialising the technology? Can the invention be licensed to another entity?
If a startup or licensee is not successful in commercialising the technology, the license will be terminated and the innovation can be licensed to another entity.
What if more than one company is interested in obtaining a license?
If more than one company is interested in obtaining a license, NTUitive will execute non-exclusive licenses to the parties involved.
Do you allow licensees to test the technology before entering a license agreement?
Licensees can sign a time-limited option to test out the technology. These option agreements can be exclusive or non-exclusive.
What types of technologies are available for licensing?
Companies are advised to look at their business needs and/or problem statements before approaching NTUitive to see if there is a solution that fits their needs. Alternatively, the technologies available for licensing are listed on our website.