A “pre-seed” fund- · To provide partial funding for the system-level development projects recommended by CANEUS
Canada (Press Release) October 2, 2007 --
CANEUS is pleased to announce the creation of a purpose-built fund whose sole vocation will be to provide, typically, one-third of the estimated $3M for the Micro and Nanotechnology based aerospace system prototype development step of each of the half dozen or so projected pilot projects that will be chosen and recommended by CANEUS Pilot Project Committee.
Structure and purpose of the fund
The CPPF would be structured as a project of CANEUS, which has been constituted as a not-for-profit organization (under IRS Rule 501(c) 3) whose board of directors would include representatives from the organizations that contribute to the CPPF. The CANEUS board will also include members who are representative of the R&D community, of the government funding agencies, and of the buyers (government and commercial) of the high-level systems that would be based on the MNT that is brought step-by-step through the R&D development process by CANEUS. The CPPF is not a venture fund, as it will not be investing in business ventures. It will invest in projects that are still very much at a pre-commercial stage of development. A pilot project that is co-funded at a level of 33% by the CPPF will typically receive the rest of the required funding from an agency program and an investor (or group of investors) with a special interest in the particular field of that project.
The goal of the CPPF is to eventually become a self-funding CANEUS unit. Towards that end, a means must be developed that will see the CPPF generating revenue from the increase in value of the technologies it helps bring forward. One way of accomplishing this would be for CANEUS to become a co-owner of the technology licensing rights held by the original developers of the different elements of proprietary MNT. CANEUS would thereby eventually earn a share of the downstream revenues that are collected in the form of licensing fees paid by the systems manufacturers who market commercial versions of the high-level systems.
ROI: Return on Investment from the CPPF
The CPPF contributors will each have a special interest in MNT. Some will be venture capital organizations or government agencies and others will be individual investors or venture funds that have been created by large corporations (including funds that are usually used to fund internal projects of corporate spin-offs). As key members of the Investment Committee, CPPF contributors will have a clear, insider’s view of the progress of the avant-garde MNT technologies as they progress through CANEUS’s unique, collaborative R&D process. Given the international scope of the participating team members on the CANEUS projects, this will give contributors insight that is available to very few concerning early-stage R&D developments in other countries. The communication and visibility works the other way, too.
CANEUS is pleased to announce the creation of a purpose-built fund whose sole vocation will be to provide, typically, one-third of the estimated $3M for the Micro and Nanotechnology based aerospace system prototype development step of each of the half dozen or so projected pilot projects that will be chosen and recommended by CANEUS Pilot Project Committee.
Structure and purpose of the fund
The CPPF would be structured as a project of CANEUS, which has been constituted as a not-for-profit organization (under IRS Rule 501(c) 3) whose board of directors would include representatives from the organizations that contribute to the CPPF. The CANEUS board will also include members who are representative of the R&D community, of the government funding agencies, and of the buyers (government and commercial) of the high-level systems that would be based on the MNT that is brought step-by-step through the R&D development process by CANEUS. The CPPF is not a venture fund, as it will not be investing in business ventures. It will invest in projects that are still very much at a pre-commercial stage of development. A pilot project that is co-funded at a level of 33% by the CPPF will typically receive the rest of the required funding from an agency program and an investor (or group of investors) with a special interest in the particular field of that project.
The goal of the CPPF is to eventually become a self-funding CANEUS unit. Towards that end, a means must be developed that will see the CPPF generating revenue from the increase in value of the technologies it helps bring forward. One way of accomplishing this would be for CANEUS to become a co-owner of the technology licensing rights held by the original developers of the different elements of proprietary MNT. CANEUS would thereby eventually earn a share of the downstream revenues that are collected in the form of licensing fees paid by the systems manufacturers who market commercial versions of the high-level systems.
ROI: Return on Investment from the CPPF
The CPPF contributors will each have a special interest in MNT. Some will be venture capital organizations or government agencies and others will be individual investors or venture funds that have been created by large corporations (including funds that are usually used to fund internal projects of corporate spin-offs). As key members of the Investment Committee, CPPF contributors will have a clear, insider’s view of the progress of the avant-garde MNT technologies as they progress through CANEUS’s unique, collaborative R&D process. Given the international scope of the participating team members on the CANEUS projects, this will give contributors insight that is available to very few concerning early-stage R&D developments in other countries. The communication and visibility works the other way, too.
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