Prism Technologies partners with technology accelerators to provide research and development funding programs for innovators:
The Innovation Grant Program is designed to allow the further development of an early stage technology.
Eligibility The awards are to be used by the investigator to perform additional experimentation and/or analysis to increase the marketability of the technology.
Proposal The application should be focused on the development of products that have commercial potential. The application should consist of a project summary, project description, project work plan, and budget.
Terms After completion of the project, a final written report will be submitted to Prism Technologies including any further inventions developed or publications that resulted from the project. The amount of support is dependent upon the project and the expected commercial potential upon completion of the work. Commercial potential should be clearly demonstrated in the application as well as known potential parties of interest to the final products. The award available is typically $10,000 – $20,000 per project.
Deadline Innovation Grants have open submission dates
Proof of Concept Grant
Description The purpose of the Proof of Concept (POC) grants is to provide funds for additional development of selected technologies to increase their commercialization potential and value. It is the intent of the grants to increase the value of a technology beyond the cost of the grant, thereby generating a positive return to fund additional research.
Eligibility The application process is initiated by Prism Technologies, working with a researcher who submitted a new invention disclosure that describes a promising, early stage invention that would benefit from additional development prior to marketing and licensing.
Proposal The application consists of a 10 page proposal detailing the developmental plan for the technology, broken down into milestones that can serve as inflection points in the developmental process and increased value of the technology. A detailed budget is also submitted which aligns with the developmental milestones to allow for incremental funding of the grant upon milestone achievement.
Terms There is a cap of $250,000 per project.
Deadline POC Grants have open submission dates
Project Summary (1 page maximum)
This should be a high-level description of the research (do not assume detailed knowledge in the field). Briefly describe the problem to be solved and shortcomings of existing solutions. Do not focus on the technical details of your proposed solution, but on the deliverables. This section should be readable by a technically inclined person only slightly familiar with your field. Do not disclose any proprietary or confidential information in this section.
Project Description (2 pages maximum)
Describe the proposed project (strategy, key experiment(s), and goal(s)) with a statement of the problem to be solved and how the proposed solution addresses this problem. Include identification and significance of the invention, background and technical objectives of the research, and commercial potential. Emphasize the point of novelty and risks associated with the project.
- How do you foresee the next steps towards commercializing this technology if this phase proves to be successful?
- If successful, what will this project prove/disprove?
- What is the technical and commercial significance of those results?
- What would the next steps be in development of this concept?
Elaborate on 2-3 milestones that can be used to evaluate progress through the project, and include timeline. Additionally, list the expected deliverables you propose to achieve within the proposed timeline of the funding, i.e. 4-5 months, and at the end of the project – prototype, data proving feasibility, etc.
Dollars Requested and Budget (1 page maximum)
Summarize funds you require to complete the project and create a detailed budget for direct costs only. Note: Term of funding must not exceed 5 months and funds should not be designated for Principal Investigator salaries. No overhead charges will apply to the award. Program funds must be used primarily for applied research, testing, prototype development, and other technology-focused activities consistent with the proof-of-concept purpose of the grant.
Appendix (5 pages maximum)
Please include any additional financial support, letters of support, and brief biological sketches of key personnel involved in the proposal.