JIPs

Facilitating.  Collaborating.  Brokering.

Joint Industry Projects (JIPs) are those funded by the project's direct stakeholders.  As issues are identified during industry-researcher discussions, JIPs are born.  Often, for reasons of timing, cost, complexity, confidentiality or protection of commercial potential, these projects are best addressed in a collaborative, targeted approach. 

Stakeholders provide direct funding and control the direction of the research, application and distribution of research results.  PRAC's role varies by project; we may act strictly as a broker, assume a stakeholder position in the project, perform contracted research within the scope of the project, or a combination thereof.

PRAC's position as a neutral, arms-length organization with broad membership support makes it an appropriate vehicle to undertake a variety of contract research projects.  Promoting dialogue between parties, PRAC acts on its members' behalf to actively identify, develop and market JIPs.

Targeted Calls

JIPs may also arise from Targeted Calls for Research when the overall value of the project is recognized to be of greater scope and it is developed into a larger public domain project.

Virtual Marine Technology Inc. (2008-2009) Lifeboat Launching Training Simulator