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The goal of the Foundry Program is to connect students who have entrepreneurial drive with research-based intellectual property with commercial potential through a licensing framework.

The Foundry Program is a joint initiative developed by Queen’s Partnerships and Innovation (QPI) and the Dunin-Deshpande Queen's Innovation Centre (DDQIC).

How does the Foundry Program work?

1. Queen's Partnerships and Innovation (QPI) pitches projects to groups of interested students in the Foundry Program.
2. The student groups express their interest in specific projects and begin interacting with the researchers, under the protection of a non-disclosure agreement if appropriate, to learn about the idea or invention in more detail.
3. Interested students teams present proposals to commercially develop a specific invention or idea to QPI and to the researcher(s) who submitted the specific idea or invention under consideration.
4. If any specific proposal is approved by QPI and the research team, an option agreement will be put in place that grants the student startup team a short-term limited license to develop the technology and includes milestone targets. During this stage, the students form a new company to start the commercial development process as an incorporated venture.
5. If all goes well during the option period and the venture reaches all of its milestones, QPI, the researchers, and the company can enter into a longer-term license agreement.