Call for Proposals
Princeton faculty and students are at the forefront of research that is instrumental for solving today’s most pressing problems. But for society to benefit fully, the inventions made here at the University must be developed into real-world products and applications. Therefore, we are continually seeking innovative ways to address the development gap between the early stage research conducted at Princeton and attractive, investment- and venture-grade opportunities. To this end, we are pleased to announce the continuation of the Princeton IP Accelerator Fund, a program to award development gap funding to Princeton investigators, thereby fostering and advancing the development of nascent technologies emanating from University labs into commercial development and, ultimately, the global marketplace. Experience at Princeton and elsewhere has shown that additional proof-of-concept work, data collection, and/or prototyping can yield important information or further development that would make a technology more commercially attractive.
Princeton University investigators (tenured, tenure-track faculty and research staff) with a technology or invention previously disclosed to the Office of Technology Licensing
Proposal submission deadline: 5:00 P.M. October 4, 2019
Awards announcement: late October or early November, 2019
Starting date: approximately January 1, 2020
Up to $100,000 for projects spanning six months to one year
Proposal Preparation Instructions
Each proposal should be a two-to-three page executive summary and a budget describing how the funds will be utilized for development (e.g. proof-of-concept work, data collection, prototyping, etc.) of a technology/invention previously disclosed to the Office of Technology Licensing.
Proposals should be clearly designated with one of the following two categories:
- engineering/software/physical science
- biomedical/healthcare/life science
Proposals will be reviewed versus others in the same category.
Covered expenses include salaries (graduate students, post-docs, and undergraduate summer stipends, but not PI summer salaries), benefits, consultants, equipment, and other research expenses. No overhead will be charged for these awards.
Submit proposals via email to John Ritter, Director, Office of Technology Licensing, firstname.lastname@example.org. Each proposal will receive a prompt acknowledgement as assurance that it has been properly received.
Proposals will be reviewed by a committee comprised of faculty and venture capitalists. The selection of proposals for funding will be based on scientific and technical merit, commercial potential, potential for obtaining broad patent protection, potential for technology transfer, and the potential for the research to benefit the public.
Scientific and Technical Merit
- Quality of the proposed research and scholarship
- Innovation and novelty of the proposed research and/or technology
- Technical feasibility and risk of the project and/or technology
- Probability of achieving project goals within the proposed budget
- Clarity and focus of the research objectives and proposed technical milestones
- Potential impact and significance of research results and public benefit
Potential for Technology Transfer
- Probability that research results will enable and support obtaining a strong patent position, or enhancing an existing patent position
- Significance of market need and opportunity
- A relatively clear and short path to a commercially viable technology
- Whether, and the extent to which, the technology in question offers advantages over currently available technologies
- Probability that funding will result in significant advances leading to additional extramural funding (from industry, for example) and/or technology transfer
Director, Office of Technology Licensing