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Gap Funding for projects are applicable where:
Projects that can create tangible IPs with commercialisation potential and higher market readiness level;
Industry Collaborators are willing to collaborate with RP in the development efforts;
Industry Collaborators are willing to commit to commercialise the project IPs.
Access to the IPs for commercialisation
As an industry collaborator, you will receive an option to acquire a license to the project IPs for further exploitation and commercialisation.
Support for Start-ups
Start-up friendly licensing terms and support are available for potential licensees who are newly established start-ups or spin offs.
Industry collaborator to approach RP to discuss problem statement and define innovation needs
RP will work with collaborator to prepare gap funding proposal for internal approval submission
Upon approval, collaborator and RP will finalise the RCA, where an upfront project contribution will be required from the collaborator and RP will grant an option to acquire the license of the IPs.
12-month project development led by RP; Collaborator will support with in-kind contribution to the project
Upon completion of project, discuss commercialisation plans with RP and execute License agreement.
Collaborator will undertake the commercialisation of new product or services with initial support from RP
Artdeshine Pte Ltd collaborated with RP School of Applied Science in a gap-funded project to develop a functional surface coating with graphene nano-additives for automotive paintwork. Artdeshine has successfully commercialised the project IPs in 2021.
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