The power of giving back

Posted on May 13, 2015

Praveen Jain’s success is due in no small part to the opportunities he has received throughout his education and research career.

The Canada Research Chair in Power Electronics and Director of the Queen's Centre for Energy and Power Electronics Research (ePOWER) repeats time and again that he wouldn’t be where he is today without the work, support and generosity of others.

And that is a big reason why he has donated all his patent royalties to Queen’s.

It’s no small sum. Dr. Jain is responsible for more than 50 patents and has started up two companies through PARTEQ Innovations, whose role it is to commercialize intellectual property arising from university-generated research, such as Dr. Jain’s.

One of his start-ups, CHiL Semiconductor, was sold in 2011 to a U.S. company for $75 million. Dr. Jain developed and patented the technology that formed the basis for CHiL’s success. All the funds he received from the patent royalties were directed back to the university.

With his current start-up, SPARQ Systems, he intends to do the same.

“It gives me great career satisfaction to be involved in a start-up company as a founder,” he says. “The research work that makes a start-up possible is done here at the university, so I feel it’s only right that the royalties that I receive as a result be directed back to the university, to be put to good use to allow students to develop their research knowledge, skills and experience.”

Full article here.

Praveen Jain