Prior to execution of the final funding agreement with OCE/Innovation ENCQOR the Applicant company must have an agreement with the ENCQOR 5G Anchor Firm. This agreement will define a detailed statement of work and formalize the terms of the collaboration between the Applicant company and Anchor Firm Partner.
As part of this process the applicant company will be expected to undergo a procurement process with the ENCQOR 5G Anchor Firm company. This process will vary by ENCQOR 5G Anchor Firm Partner and may vary by Challenge Statement. Requirements may include: a financial assessment of the applicant company, negotiations around intellectual property or other requirements as defined by the ENCQOR 5G Anchor Firm.
Applicant companies and ENCQOR 5G Anchor Firms are highly encouraged to start discussions on the Anchor Firm procurement process expectations as soon as possible after the applicant company has been invited to submit a full application. Early discussions will ensure that both parties are aware of the expectations and requirements for this process and help to accelerate the contracting process if the project is approved.
OCE is not a signatory on the agreement between the ENCQOR 5G Anchor Firm and the Applicant Company and is not part of the procurement process or partnership negotiations.
When the agreement between the Applicant Company and the ENCQOR 5G Anchor Firm has been executed the Anchor Firm will provide documentation to OCE as confirmation as well as a statement regarding the intellectual property agreement between the ENCQOR 5G Anchor Firm and the Applicant Company to be incorporated as a schedule of OCE/ ENCQOR 5G Funding agreement.
If the ENCQOR 5G Anchor Firm and the Applicant Company are unable to execute an agreement or if the Anchor Firm Agreement Process causes a significant delay in project activation OCE may consider not awarding the project.