The investment involves equity ownership though: it seems SU us investing for a portion of the company. So, look on it as a form of sexy venture capital rather than a grant.
On this point my memory may be failing me but that's my recollection.
John Cumbers <johncumbers@gmail.com> wrote:
>You / the company owns the IP.
>John
>
>On Sat, Mar 17, 2012 at 2:55 PM, Jonathan Cline <jncline@gmail.com>
>wrote:
>
>> Who owns the resultant intellectual property?
>>
>>
>>
>>
>> ## Jonathan Cline
>> ## jcline@ieee.org
>> ## Mobile: +1-805-617-0223
>> ########################
>>
>>
>>
>>
>> On Friday, February 3, 2012 12:50:31 AM UTC-8, John Cumbers wrote:
>>>
>>> Hi DIYBioers,
>>>
>>> I'm excited to be part of launching the first synbio incubator:
>>> http://singularityu.org/**launchpad
><http://singularityu.org/launchpad>.
>>> We based it on YCombinator and are funding up to $50k for your
>SynBio
>>> startup this summer.
>>>
>>> Cheers,
>>> John
>>>
>>>
>
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