RNS Pt31 Nov 2023 07:15
Further information on the MOU
The MOU between Ananda, DJT and NTU will commence from 1 November 2023.
Ananda and DJT will bring to the partnership their collective proprietary background IP, expertise, methods, protocols, cannabis seed inventory and data to allow the recommencement of the genetics stabilisation programme. The Group will also provide the use of the existing research facility in Lincolnshire, if and when required.
NTU will provide its research capability and expertise, and work with Ananda and DJT through its grant capture team to pursue grant funding for the Partnership, including the drafting and submission of grant applications.
Ananda, DJT and NTU will form the first stage of the Strategic Partnership by seeking third-party funding for collaborative Knowledge Transfer Partnership projects, with a vision to establish a Cannabinoid Centre of Excellence at NTU based on the respective know-how of the parties.
The Cannabinoid Centre of Excellence will aim to add significantly to the scientific body of knowledge in the UK regarding medicinal cannabis, its cultivation, breeding and genetics, and its use to treat various human health conditions. It will aim to become a world leading Centre in this area by activity and reputation.
As part of the aim to establish a Cannabinoid Centre of Excellence, Ananda, DJT and NTU have also agreed to collaborate on the development of a broader pipeline of research and to seek grant funding for these additional research projects.
The MOU does not transfer ownership over any of the IP or proprietary information that Ananda and DJT and NTU separately, have developed to date. Ownership of any IP developed through the Strategic Partnership will be determined by negotiation between the parties as the MOU progresses to formal agreements.
Nottingham Trent University
NTU is an educational institute undertaking research & innovation from fundamental discovery to delivery of, technology and knowledge transfer. With over 40,000 students across five university sites, it is one of the largest and most influential higher education institutions in the country. NTU's expertise ranges from disciplines in Plant Genomics, Plant Breeding, Plant Active Ingredients Chemistry and Sustainability for ESG and SDG compliance, through to wider Talent Attraction & Retention and Executive Development support. Further information on NTU is available at https://www.ntu.ac.uk.
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