Cornell Engineering is again encouraging students, postdocs and faculty to apply for funding to scale up a technology or prototype a product based on 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.
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 next round of funding are due by Tuesday, October 1st, 2019. All work must be performed by individuals at the Ithaca campus
The College is offering up to $40,000 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.
More information is below.
For additional information or to submit a proposal, please email scale-up@cornell.edu with the subject line “Funding for Scale Up and Prototyping 2018.”
Application Instructions and Timeline
• Two-page proposals with detailed budgets are due on Tuesday October 1st, 2019.
• The proposal should include information about the technology, target customers, value proposition and a statement of the planned uses of the funding (i.e. what technical milestones the spending will advance)
• Proposals will be subject to a preliminary review process and a subset of applicants (finalists) will be asked to participate in a meeting with the Scientific Advisory Committee on Monday, November 18, 2019.
• Awards will be announced by Wednesday, December 4th, 2019.
Proposal Assessment and Selection Criteria
Proposals will be selected by a Scientific 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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