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Technology Validation and Start-Up Fund

Technology Validation and Start-Up Fund

CWRU Technology Validation & Start-up Fund Program ("CTP")

 

Key Deadlines: January 15,2017, 5:00pm (CWRU Pre-Proposal due using the approved form).

Qualified proposals will be chosen to advance to the full proposal stage. The full proposal deadline is expected to be announced in mid-January

 

CWRU's Technology Transfer Office (TTO) has been awarded a grant by the State of Ohio to fund the CTP. The terms and conditions of the award have not been finalized. In the interest of keeping the process moving while we await final terms, we are accepting pre-proposals.

The Technology Validation and Start-up Fund (TVSF), funded by the Ohio Third Frontier, aims to accelerate and fund the translation of promising technologies into the marketplace through Ohio start-up companies with the eventual goal of creating greater economic growth.

In October 2016, CWRU was awarded a $500,000 fund, which will be administered by the Technology Transfer Office as the CWRU TVSF Program ("CTP") to advance a number of selected programs over a 12-month period. As a result of this award CWRU investigators are no longer eligible to apply for TVSF funding directly to the State of Ohio, but must instead apply to this internal competition.

The CTP is intended to be the final bridge between a translational research project and a viable commercial program. Funding will support technologies that require validation/proof that will directly impact and enhance commercial viability and the ability to support a start-up company. Projects must have already advanced beyond basic research and should have the equivalent of a laboratory-scale proof of concept prior to applying for funding.

Applicants are encouraged to work with potential Ohio licensees and business advisors prior to submitting an application in order to identify critical needs for the technology. Paramount importance will be placed on customer discovery, whether in the form of industry partners or potential end users. Specific milestones related to enhancing valuation and reducing risk should be defined, which can include any of the following: Prototyping, scale-up, animal and/or clinical testing, addressing regulatory or reimbursement requirements.

All proposals must fall into one of these State of Ohio's technology focus areas:

•    Biomedical/Life Sciences

•     Advanced Materials

•     Energy

•     Software/Information Technology

•     Sensors

•     Advanced Manufacturing

  

Number of Applications Allowed: 10 -12 per year at $25,000 - $100,000 each (includes cost match)

Amount of Funding: $500,000 + $500,000 cost match by awardees

Anticipated Award Type: Standard Grant with 1:1 cost match required by applicant

Number of RFP's: 3 per year (anticipated dates-subject to change: December 2016, April 2017, September 2017)

Funding Period Per Project: 1 year

Funding Start Date: 1-2 months after submission of full proposal

 

For more information visit the Office of Research Administration website:

https://research.case.edu/limitedsubmissions/TVSF2017.cfm