Apply for VCU Commercialization of Research Funding
Wednesday, February 3, 2016
VCU President Michael Rao announced the four recipients of Commercialization of Research funding support through the Quest for Distinction Commercialization Fund . This funding is dedicated to advancing VCU inventions to a more mature stage, “de-risking” these technologies, and improving their chances of being brought to market.
A second round of commercialization of research support will be open to faculty and staff of VCU February, 2016; funds will be awarded in May, 2016. The application for these funds is available on-line February 22nd. Applications will be accepted through 12:00 p.m. on March 22nd.
This fund will support the development of inventions that have been disclosed to VCU Innovation Gateway. An invention disclosure must be on file or submitted to VCU Innovation Gateway prior to the submission of the funding request. Once funded, the project should reach completion in 12 months or less. Funded tasks will be performed by or under the supervision of the PI, but may also include third-party efforts within or outside the university. The grants will be funded to meet agreed upon project objectives. Funds may be used to pay students or postdoctoral fellows, or to obtain materials and services at or outside of the university. Funding will be based on milestone completion. Overhead charges should not be included in the grant proposal. VCU Innovation Gateway does not allow funding for indirect expenses incurred at VCU or other organizations where the project's milestones may be completed.
The application and additional information about the Commercialization Fund can be found at http://quest.vcu.edu/innovation/commercialization/.