About ¶¶̉ờ½̀½Ventures
Description
The Office of the Vice President for Research (OVPR) is issuing this Call for Proposals for projects that are ready to accelerate the commercialization of technology developed at ¶¶̉ờ½̀½ and provide next-generation employment opportunities throughout Vermont. This award will provide hard-to-get financial support for final validation of prototypes and other proof-of-principle work and to initiate the early phases of scaling up production which will enhance the prospect of success of ¶¶̉ờ½̀½ start-ups and licenses. Applications will be reviewed as they are received and the funds may be awarded before the submission deadline of 9/30/2021.
Who May Apply
This competition is open to ¶¶̉ờ½̀½ faculty or staff who have filed an Invention Disclosure with ¶¶̉ờ½̀½ Innovations and have met with them, indicating an interest to pursue commercial opportunities. These awards are not for basic science development or refinement of technology. (Current and previous ¶¶̉ờ½̀½Ventures awardees are eligible to apply.)
Criteria for Selection
Awards are made on a competitive basis that takes into consideration the quality of the application, including:
- potential to contribute to local and state economic development
- probability of attracting future investments or licensing within Vermont
- commercial potential and business viability, including protection by patent or copyright
- technical merit
- maturity of project
- projected ability of innovation to sustain competitive advantage
- qualifications of project team members and their ability to complete project plan
Award Conditions
Funds may be used to:
- support retention of a highly technical workforce within Vermont
- fund qualified startup ventures based on ¶¶̉ờ½̀½ research
- fund ¶¶̉ờ½̀½ technologies on the path to commercialization
- support research projects using the resources of the .
- fund access to ¶¶̉ờ½̀½ resources, such as the Instrumentation and Model Facility (IMF)
Funds may not be used for:
- faculty salary
During the application period, To Apply:
We use an online submission system. All submisson details can be found in the online application. Please go to :
Click "Log In" (upper right-hand corner).
Click blue "University of Vermont Login" button. Log in with your ¶¶̉ờ½̀½ Netid.
Scroll down the homepage and click on "¶¶̉ờ½̀½Ventures Fund" in the list of open competitions.
Read competition details and click the "Apply" button.