Who Is The Connected Brain Challenge?

1766 Words8 Pages
Colleagues and Collaborators: If you have not already heard the great news, our very own Outstanding University is the first prime recipient of the Grand Challenge Innovation Hub Grant from the National Science Foundation, National Institutes of Health, and Office of Innovation and Entrepreneurship at the Department of Commerce. As our Office of Sponsor Programs and the Office of Grants and Contracts Accounting diligently work to establish and manage this massively funded and intricately structured award, I would like to address a myriad of anticipated issues and assure you that this office is abreast of them all, and plans are in place to ensure we blaze a legacy of successful, collaborative innovation. The Connected Brain Challenge…show more content…
The CBC looks to issue proof-of-concept subawards as well as award prize money to posted challenge problem winners, to further our ability to achieve our mission while determining the most suitable funding mechanism for such collaborative endeavors. With this in mind, we welcome leaders across the country and abroad to follow our program and respond accordingly to the calls that speak to your expertise. We look forward to working with you over the next eight years! The Public-Private Partnership (PPP) Agreement Coming together with different missions but a common goal, the partners in the CBC will establish a public-private partnership (PPP) agreement to govern the research activities under the grant. A PPP is defined as a “long-term contract between a private party and a government entity, for providing a public asset or service” [1]. As described by the PPP Reference Guide, the benefits of utilizing the PPP framework are many. PPPs offer additional sources of funding which provide more adequate resources. Furthermore, PPPs allow public entities to benefit from private sector analysis, innovation, experiences, and incentives. This model is undoubtedly the best mechanism by which to facilitate our agenda, but it does pose some policy and procedural issues. Most notably, many of our faculty have voiced concerns regarding how we plan to manage the Intellectual Property that is generated by this PPP negotiated agreement.
Open Document