Commercialization Funding Opportunity

Purpose:

The University of Cincinnati Technology Commercialization Accelerator provides seed funding, commercialization expertise and business connections to launch potentially high-impact entrepreneurial initiatives. The intended outcome is to tee up technologies for commercialization through start-up companies or licensing opportunities. Projects must focus on commercialization goals and outcomes.

 

Eligibility:

  • All technologies developed at the University of Cincinnati will be considered
  • All full-time faculty and staff with primary employment appointments at the University of Cincinnati are eligible to apply
  • The Accelerator seeks applications that reflect the full range of University diversity
  • Start-up companies are not eligible to apply
  • Projects that provide letters of support from potential external commercialization partners or that validate the market need are encouraged

 

Funding Conditions:

  • Projects must focus on novel, enabling and potentially useful technologies
  • Funds must be used to advance commercialization goals, i.e., technology validation studies, prototype development, etc.
  • Basic science projects will not be considered
  • Funding cannot use funds for salary,travel or patents

 

Awards:

  • Funding will be awarded on a competitive basis
  • 8-10 awards are anticipated per year, with typical award range of $25,000 – $40,000
  • Funding must be used within a 6 - 12 month period from time of award notice
  • Award expenditures flow through the Accelerator
  • A project manager from the Accelerator serving as the Entrepreneur-In-Residence (EIR) will assist faculty PI/project in achieving milestones
  • Inventor and university benefits related to commercialization will adhere to the University’s standard IP policies

 

 

Process:

  • Applications will be accepted and reviewed on a quarterly basis
  • An external Commercialization Advisory Board will review applications and recommend the most competitive projects for acceptance into the Accelerator
  • Funding decisions will be based on:
    • Market attractiveness (addressable market size, growth rate, margins, and competitiveness)
    • Competitive Advantage (market need, competitor benchmarking, value proposition, ability to reach defined market, barriers to market, and potential for additional advantage)
    • Strength of the Implementation Team (competitiveness of team, requisite skills and experience to achieve success)
    • Implementation Plan (objectives, work plan, timeline, deliverables)
    • Potential Economic Impact of the Technology, i.e., potential revenue generation, dollars saved by the technology, platform technology status, etc.
    • Overall quality of the written plan and preliminary data
    • Alignment with UC 2019 Academic Master Plan. For more information, go to: http://www.uc.edu/content/dam/uc/provost/docs/uc2019/academic_master_plan/AcademicMasterPlan.pdf
  • High potential projects not ready for the Accelerator will receive advising on how to make the application competitive for reapplication

 

 

Direct questions to: Dorothy H. Air, PhD, Associate Vice President for Entrepreneurial Affairs and Technology Commercialization at dorothy.air@uc.edu.

 

The deadline for applications is February 3, 2014, at 5 p.m. 

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