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Cornell Engineering offering grants to scale up research

Monday, March 20, 2017

Cornell Engineering is encouraging students, postdocs and faculty to apply for funding to scale up a technology or prototype a product based on research. Proposals for the first round of funding are due by Friday, April 21.

The college is offering up to $20,000 to engineers looking to advance their research toward establishing a proof-of-concept or functioning prototype, securing an industrial partner and funding for continued research, or licensing a technology to a startup or established company. If the effort proves to be successful during a 3 to 6-month period, funding recipients would be eligible for subsequent support.

In some cases, proposals may be structured such that a small portion of budgeted activities is outsourced to an external source such as a contract research organization.

More information is below. For additional information or to submit a proposal, please email epg2@cornell.edu with the subject line “Funding for Scale Up and Prototyping 2017.”

Application Instructions and Timeline

  • Proposal should include information about the technology, target customers, value proposition and a statement of the planned uses of the funding, such as the technical milestones the spending will advance.
  • Submissions must be received by Friday, April 21, 2017.
  • Only students, postdocs and faculty from the Cornell University College of Engineering are eligible to apply.
  • Proposals will be subject to a preliminary review process and a subset of applicants will be asked to participate in a meeting with the Technology Advisory Committee in May (date TBD).
  • Awards for the first round of funding will be announced by Friday, June 30.

Proposal Assessment and Selection Criteria

Proposals will be selected by a Technology Advisory Committee comprising entrepreneurs, venture capitalists and industry leaders. The selection criteria will be based on the following, all of which should be addressed in the proposal:

  • Nature of technology/product
  • Market need and opportunity
  • Potential impact and significance
  • Competitive advantage over technologies or products currently available
  • Technological viability, innovation and novelty
  • Potential for generating or strengthening intellectual property
  • Significant de-risking of the technology, not possible with current funding
  • Potential interest from industry partners
  • Probability of achieving project objectives with the allotted funding

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