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Imperial College London and Singapore's Exploit Technologies strikes technology transfer business deal
June 12, 2002Imperial College London and Exploit Technologies Pte Ltd of Singapore have signed the first international collaboration agreement on technology transfer. The agreement allows for both organisations to access information on potential licensees, strategic partners for spin-out companies, investor networks and to share best practice in technology transfer.
Imperial College Innovations Ltd, Imperial College's technology transfer company, will work with Exploit Technologies Pte Ltd, the commercialisation arm of the Agency for Science, Technology and Research (A*STAR) in Singapore, to exchange best practice in technology transfer. They will also explore their respective technology portfolios for synergies and make connections with each company's investor networks as well as broaden their knowledge of the respective geographic markets.
The agreement was signed by Dr Tidu Maini, Pro Rector, Public and Corporate Affairs at Imperial College, and Mr Boon Swan Foo, Managing Director of A*STAR and Executive Chairman of Exploit Technologies Pte Ltd.
Dr Maini comments: "This agreement is an exciting opportunity to pool intellectual property, to facilitate international partnering opportunities for spin out companies and to broaden our competitive knowledge of the Asian Market."
Mr Boon said, "In an era where science is increasingly transdisciplinary and markets increasingly global, the potential to cross pollinate and synergise the exploitation of our intellectual property opens up tremendous possibilities. Exploit Technologies looks forward to working with Imperial College and making an impact with our combined intellectual property portfolio."
Exploit Technologies and Imperial College Innovations are similarly sized technology transfer offices and share the same outlook in terms of wanting to extract commercial value from the research done at university and research institutes.
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