In general NPG should participate in ventures by primarily offering innovative know how, funding support and general project management. The basic model for NPG participation is intended to be long sited with participation in ownership in clients – partners. The NPG proven strengths is in start ups with several successful operations taken from ideas to highly valued and internationally well recognized companies in a few years time.
NPG offer:
• General company management • Board participation • Strategic advice • Funding support • Ideas and solutions from concepts and ideas to sales and marketing • Detailed technical solutions • Patent ideas – licenses • Patent evaluation • Advisory board participation • IPO support • Press info support • Company start up from concept or business idea
NGP patent and IP policies. NPG grants the client all rights to own and use patent invented to client by NPG with exception to notes listed below. NPG is granted a royalty to products and solutions using patent invented to client by NPG NPG holds the right to acquire at shown costs such patents if;
1. Client fails to fulfil required protection by international filing and respectively national charges for filing and to keep patent and patent application live and active. 2. Client fails to fulfil royalty payments to NGP 3. Client ceases to do business or otherwise terminates its business operations, 4. Is filed under bankruptcy, protection of rights of creditors or insolvency laws or is set to be dissolved. 5. Attempts to sell or in any other mean transfer the patent to third party without written permission by NPG. 6. Mismanagement of patents or other IP related to NGP
Exit policies related to clients NPG intends to keep shares and other participation in client companies on long term basis. NPG intends to exit participation in client companies by:
• Selling NPG participation in part or whole • IPO and sustained ownership • Client buy out of patents and other IP • NPG buy out of patents and other IP
