Like the original Project Neo, this rendition is pursued in the knowledge that all existing content and trademarks are owned by their respective IP holders, including but not limited to Nintendo of Japan, Nintendo of America, Pokemon Company, and GAME FREAK.
Development of Project Neo does contain original content developed by the Project Neo team, daMoose52 (Nate Petersen), and assets developed by various artists appropriately credited. The copyright for this original content is held and reserved by the respective authors, artists, and developers.
For additional information regarding fan games, fan sites, and relationships and similarities to fan fiction, please review the following link at Gamasutra.