The National Research Foundation (NRF), on the recommendation of an expert evaluation panel, announced today the award of the Proof-of-Concept (POC) grant to 16 projects from the institutes of higher learning (IHLs). S$75 million has been set aside for this purpose under the NRF's Proof-of-Concept Scheme.
Associate Professor Jimmy So and Professor Gopalakrishnakone were among the winners and they will each receive up to S$250,000 to develop their inventions into prototypes, bringing them closer to commercialisation.
Associate Professor Jimmy So
Associate Professor Jimmy So works in the Department of Surgery, NUS Yong Loo Lin School of Medicine. He is also a Senior Consultant, University Surgical Cluster, National University Hospital. To read more about his research project, click here.
Professor Gopalakrishnakone
Professor Gopalakrishnakone works at the Department of Anatomy, NUS Yong Loo Lin School of Medicine. To read more about his research project, click here.
The POC grant to researchers from the universities and polytechnics provides funding to enable them to carry out further development on their inventions or ideas that are technically feasible, with the aim of coming out with products or commercial applications. The resulting product or application could then be licensed to interested companies or be marketed by a new company. A successful proof of concept demonstrates not just technical viability but also a high degree of commercial readiness. It would give potential licensees of the technology confidence to take up licensing. It could also encourage the inventors to start-up a new company to commercialise the technology.
To read more, click here.
|
