Proof of Concept Funds for Technology Commercialization Program
The Office of the Vice Chancellor for Research and Economic Development (RED) announces the FY2016-2017 Proof of Concept Funding for Technology Commercialization (POC) Award Program. The POC award provides UCR investigators up to $35,000 to further develop a commercializable invention based upon UCR intellectual property not yet licensed. The effort should address a critical issue, such as creating a prototype, scaling up a process, or obtaining additional data to support a commercialization effort by making the invention more attractive to licensees or investors. The award shall be used only for technical salaries and benefits, supplies, vivarium or other facilities fees and contracted services directly related to the project.
- An invention disclosure(s) must be submitted to the UCR Office of Technology Commercialization (OTC) on the key invention(s) by March 4, 2016 and UCR must have clear rights to commercialize the intellectual property.
- The intellectual property and prospective product must address a need in the marketplace and have a competitive advantage over existing products.
- The proposed work will start on July 1, 2016 and be accomplished by June 30, 2017.
- The proposed work should undertake commercial-type prototype development or testing to generate evidence that the disclosed invention meets a market need, not the creation of new inventions or basic research.
- Preference will be given to projects that can be completed within six months.
- Although the maximum award is $35,000, smaller focused projects are encouraged and the anticipated median award size is $20,000.
APPLICATION DIRECTIONS AND FORMAT
- Applications should be submitted by April 15, 2016. (Proof of Concept Form)
- A cover sheet should include the project title, the name of the principal investigator, project participants, and names of inventors on the disclosure.
- Describe the current status of the invention and the funding history of the research (up to 1 page).
- Describe the proposed product that would be commercialized and the problem it solves (up to1 page).
- Discuss potential customers, existing solutions available in the marketplace, and competitive advantages of proposed product. Describe a strategy for entering the market, e.g., licensing to an existing company or starting a new company (up to1 page).
- Describe research at other universities and how your research is different and superior (up to 1 page).
- Provide a detailed project description including a timeline, expected outcomes, and processes to achieve those goals. Include additional steps to commercialization that will remain following completion of the POC award project (up to 2 pages).
- Include a Budget and brief narrative of how resources would be used.
Proposals will be reviewed by RED/OTC staff and UCR faculty and outside entrepreneurs who have signed a nondisclosure agreement. Anonymous reviews will be returned for all proposals.
Applications should be submitted via email by April 15, 2016 to Judy Swineford at firstname.lastname@example.org.
Questions about the application process should be directed to Brian Suh at email@example.com or 951-827-5578.