Cornell Engineering offering grants to scale up research
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 firstname.lastname@example.org 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