New technology awards to provide funding for Ohio University inventors
March 25, 2011
The Vice President for Research announces two internal funding programs for faculty and staff seeking to commercialize new technologies.
The Technology Seed Fund is a new competitive awards program designed to advance the development of novel applied technologies that have near-term potential for licensing and commercialization. This investment in faculty research is designed to enhance economic development in Ohio through the creation and commercialization of new technology, and to leverage extramural funding.
These funds will support the “Imagining” and “Incubating” stages in the Third Frontier Technology Commercialization Framework. The subject of the proposed projects should be allied to technology focus areas included in the Third Frontier Program or focus areas of the University System of Ohio Centers of Excellence at Ohio University: Scripps College of Communication; Energy and the Environment; and Health and Wellness. The program will offer awards up to $25,000 per project.
These funds and may be used to:
• Generate preliminary data for preparing major grant proposals;
• Support ongoing work that promises to lead to new intellectual property;
• Provide matching funds, if needed, for federal grants;
• Secure new instrumentation or software.
This program replaces the state of Ohio’s Research Challenge program. However, funds from the former Research Challenge program are still available for a limited time. For more information, visit: http://www.ohio.edu/orsp/budget/rechall_guidelines.pdf or contact ORSP at (740) 593-0378, firstname.lastname@example.org.
In addition to the Technology Seed Fund, the Vice President for Research is offering a new round of funding through the Technology Gap Fund, which was established in 2009 to advance faculty and staff inventions. This fund will provide awards of $15,000 to $50,000 for projects that are in the later stages (i.e., “Incubating” and “Demonstrating”) of the Third Frontier Technology Commercialization Framework. The Technology Gap Fund will support activities:
• that advance technologies through the development of prototypes or through final proof of concept that have already demonstrated potential commercial appeal and for which the university has applied for intellectual property protection (at least a provisional patent); or
• that expand research on promising new technologies, at the disclosure stage, for which a patent application has not been fully developed but that has short-term commercial potential.
Faculty and staff must submit proposals for both programs by 4 p.m., Thursday, April 28. Full guidelines and submission forms for the programs are available on the Vice President for Research website, http://www.ohio.edu/research/funding.cfm.