This script with the help of a trigger will run every 5 minutes and will change the owner of the selected folder.

Step 1: Navigate to Google Drive and open the script editor (New -> Google Apps Script)

Step 2: Copy the script and paste it into editor

Step 3: Execute the script by clicking on the play button

Step 4: Accept all the permissions

Step 5: Set triger for auto execution (Resources -> All your triggers -> Add a new trigger)

Step 6: Set the trigger as time driver and set the time interval as 5 minutes

Feel free to use it and change it.