The agreement allows both organisations to access information on potential licensees, strategic partners for spin-out companies, investor networks and to share best practice in technology transfer.

Imperial College Innovations Ltd will work with Exploit Technologies Pte Ltd, the commercialisation arm of the Agency for Science, Technology and Research in Singapore.

The agreement was signed by Dr Tidu Maini, Pro Rector, Public and Corporate Affairs and Mr Boon Swan Foo, Managing Director of A*STAR and Executive Chairman of Exploit Technologies Pte Ltd.

This agreement is an exciting opportunity to pool intellectual property, facilitate international partnering opportunities for spin out companies and broaden our competitive knowledge of the Asian Market, Dr Maini summed up.

Mr Boon added: In an era where science is increasingly transdisciplinary and markets increasingly global, the potential to cross pollinate and synergise the exploitation of our intellectual property opens up tremendous possibilities.