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Applied Scientific Research Fund

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    Applied Scientific Research Fund Applied Scientific Research Fund Document Transcript

    • Applied Scientific Research Fund Profile Revision 1.0, Jan. 2012
    • TABLE OF CONTENTSProfile .............................................................................................................................................................3Funding Schemes ...........................................................................................................................................4Key Activities and Achievements in 2011 .....................................................................................................5 Funding schemes activities ................................................................................................................................ 5 Memorandums of Understanding (MoU) with academic institutions .................................................................. 7Future activities and plans of 2012 ................................................................................................................8ASRF Profile - Rev.1.0 2/8
    • ProfileThe Applied Scientific Research Fund (ASRF) is a non-government; non-profit organization created andhas the initial funding by Samih Darwazah, founder of Hikma Pharmaceuticals to promote the developmentof applied science and engineering ideas. Our main target investigators are colleges and universities inmany fields such as medicine, natural sciences, engineering, information technology and many others.ASRF is the first research funding organization initiated from the private sector in Jordan as non-profitcompany acting on commercial basis while 100% of the profit is invested back in the fund to support thecreation of the innovation ecosystem in Jordan and the Middle East. We at ASRF are applying andexperimenting new innovation funding approaches in the Middle East while focusing on thesustainability. ASRF will fund applied researches and innovations that have market potential and thereturn on investment will be through intellectual property commercialization.VisionTo be a leading active player in innovation ecosystem in the Arab Region to enable a healthy ecosystemfor investment in innovations of people and organizations.Mission statementApplied Scientific Research Fund (ASRF) is an Arabic non-government, non-profit organizationestablished to foster and enable innovation through raising the awareness and knowledge as well asfunding of applied researches and technology commercialization activities to create the culture of researchand innovation in the Arab region.ASRF Profile - Rev.1.0 3/8
    • Funding Schemes Objective Target & fund amount Supported Activities Conditions & IP ownership Support innovative ideas by Inventors, colleges, universities Material, implementation, Quality of science and Technical starting from R&D and and research institute technical testing, prototype feasibility Impact of the prospected focusing on the value of the testing results,Innovation GrantSamih Darwazeh impact of the results and Fund amount: more than 10k finally commercialization JOD & maximum 100K JOD. IP ownership: ASRF owns the resulting IP ASRF and the inventor share royalty from sales/commercialization according the agreement signed between the two parties. Support the development Researchers and inventors in Technical Development of Market feasibility Technical and/or testing of Prof of Jordan the Proof of Concept feasibility Concept (POC) or Research centers and (POC) prototypes, for Jordanian universities Prototype design and IP ownership: organizations Jordanian organizations development The inventor FULLY owns their IP Accelerate the (including firms) interested to Full lab-scale - ASRF has no ownership. commercialization process develop their R&D prototypes demonstration ASRF receives a royalty (% of by demonstrating prototypes Jordanian university students in Material and sales) in the first five years to potential customers, both the bachelors and masters implementation costsProof of Concept partners or funders. levels Technical and prototype testing Fund amount: up to 10k JOD Specialist testing, verifying applications and conducting field studies Demonstration to potential customers POC marketing testing (with customers) Transportation to the customers Development of business case / show case with potential customers Support the students to Jordanian university students in Publishing papers, Technical feasibility develop research skills. both the bachelors and masters conducting studiesStudents Competition Scientific value and quality of the Support Students to develop levels research Material, implementation, research or implement technical testing, prototype Industrial firms commitment to the graduation projects with Fund amount: up to 1k JOD testing with customers project (testing, validation, use, industrial application in Transportation to the etc.) partnership with the industrial firms in Jordan industrial firms IP ownership: Support students in The student owns the IP, no demonstrating prototypes to ownership to ASRF potential customers, ASRF Profile - Rev.1.0 4/8
    • Key Activities and Achievements in 2011Planned activities for the year 2011 were to; first of all, establish the fund with all related processes andlogistics. Moreover, open line of communication with local universities and research institutes.Furthermore, to fund 2-3 projects before the end of year.As 2011 is the first year of the fund establishment, the focus was on defining the funding schemes andstart funding projects.Funding schemes activitiesSamih Darwazeh Innovation Grant (SDIG)Samih Darwazeh Innovation Grant was launched in April 2011and had three Calls, in April, June andNovember 2011 that led to funding 3 projects. Samih Darwazeh Innovation Grant (SDIG) 18 18 16 14 12 10 7 8 6 6 3 4 2 0 Number of pre- Number of full- Number of full- Number of proposals proposals proposals in- Projects funded submitted processStudents CompetitionTo support bridging the gap between the industry and universities, ASRF launched a student competitionthrough which they had to find an industrial partner to implement their projects. The competition waslaunched in October 2011 that led to funding 5 projectsASRF Profile - Rev.1.0 5/8
    • Students competition 10 10 5 5 0 Number of Number of funded applications projectsProof-of-Concept GrantIt is planned to be launched in January 2012 with the aim to accelerate the commercialization process bydemonstrating prototypes to potential customers.ASRF Profile - Rev.1.0 6/8
    • Memorandums of Understanding (MoU) with academic institutionsASRF has signed MoUs with the most key public universities in Jordan. The main objectives of thecooperation are:  Facilitating the promotion of ASRF funding opportunities  Management of funded projects at the university  ASRF funded research teams support by both parties  Sharing the experience for the evaluation of the scientific proposal and achievements  Facilitating the use of the university resources for ASRF funded projects  IP rights and research management  Equipment donationThese universities are:  Jordan University of Science & Technology (JUST),  Jordan University,  German Jordan University,  Princess Sumaya University,  Yarmouk University,  Hashemite University.ASRF Profile - Rev.1.0 7/8
    • Future activities and plans of 2012For ASRF to move forward to achieve its mission and playing proactive role in the innovation ecosystemin the Arab Region in general and in Jordan in specific we plan to focus on the following activities in2012:  Define plans to analyze and understand the innovation ecosystem in the region through scientific research and analysis of the results of ASRF activities.  Define a plan for fund raising from the private sector and/or participating in international projects in the innovation related field.  Conduct varies awareness activities about the fund schemes and support innovators to apply  Fund 5-10 projects under the varies ASRF funding schemes  Cooperate with more Jordanian universities and start targeting universities in the Arab countries  Launch a specific SDIG call for the following fields based on the industry needs o Renewable energy o Desalination of water utilizing Renewable energy o Pharmaceutical ResearchASRF Profile - Rev.1.0 8/8