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What is the Matching Grant for Joint Research?
This Matching Grant aims to foster university-industry collaboration
in R&D projects. Key features include:
- The Grant will cover half of the cost incurred by the university
in the project including manpower, equipment and other direct
expenditures relating to the project. The other half will be covered
by the company.
- The company's contribution must be in cash.
- The company will hold all the intellectual property rights arising
from the project.
Will my company be eligible?
Yes, if your company is a locally incorporated company. Your company
will be the applicant, but you must first find a local university
to carry out the project.
What kind of projects will be supported?
An R&D project carried out jointly by a local company and a
university will be eligible. Projects that focus on routine applications
of existing technologies or on the provision of bureau services
will not be funded.
How can my company apply for funding?
Your company should first agree with a local university on the project
details, the expected deliverables, and if necessary, the royalty
arrangements. Your company and your partner university will then
need to submit a joint application to the Innovation and Technology
Commission.
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