Washington State University researchers can get in-house money to move their innovations from the lab to the marketplace through a new commercialization gap-funding (CGF) program.
Proposals can be submitted at http://commercialization.wsu.edu/Researchers/CGF/and awards will be announced by mid-December.
“Transfer of WSU technologies to commercial entities follows the university’s land-grant mission by moving knowledge to benefit local and global communities, improving quality of life and enhancing the economy,” said Anson Fatland, WSU’s associate vice president for economic development and external affairs.
Following on the heels of WSU’s newly announced partnership with Seattle-based Accelerator Corp., WSU’s Office of Commercialization has established the program to provide critical funding to WSU researchers with disclosed innovations or inventions that have a high degree of commercialization potential.
The awards are intended to be the final funding step at a critical point for near-market-ready technologies. A portion of designated funding will be set aside for developing a business model for the product. Technology specialists will help the researcher set goals to be reached over the course of the award.
The fund received support from the Office of the President, the Office of the Provost, the vice president for research and the Washington Research Foundation.