WEST LAFAYETTE, Ind. – Purdue University inventors who’re ready to transfer their improvements to market have till Feb. 19 to apply for funding by way of the Trask Innovation Fund.

The fund is designed to advance the industrial potential of Purdue intellectual property by way of short-term analysis initiatives.

Submitted proposals might be reviewed by the Purdue Research Foundation Office of Technology Commercialization based mostly on standards together with significance of the invention, stage of growth, commercialization potential, path to commercialization, intellectual property panorama and the applicant’s dedication to commercialization.

There are three Trask Innovation Fund tracks:

  • Innovation Sparks for Life Science and Medical Devices: Eligible improvements are relevant to life sciences and medical units. Technology should not be below any possibility/license.
  • Innovation Sparks for Physical Sciences: Eligible improvements are relevant to engineering, chemistry, pc sciences and different fields outdoors of life sciences. Technology should not be below any possibility/license.
  • Commercialization Partner Spark: Technologies in any know-how area for which (a) OTC has both signed an possibility settlement with a possible licensee or (b) the applicant is engaged with Purdue Research Foundation to set up a commercialization partnership and can signal an possibility for know-how earlier than receiving Trask funding.

Applications for Trask Innovation Fund should be submitted by way of Sponsored Program Services (SPS) Pre-Award Center.

All Purdue school, workers and researchers who’ve submitted a disclosure to OTC are eligible to submit proposals. For extra data on Trask Innovation Fund eligibility and submission tips, go to here.  

About Purdue Research Foundation Office of Technology Commercialization

The Purdue Research Foundation Office of Technology Commercialization operates one of the complete know-how switch applications amongst main analysis universities within the U.S. Services supplied by this workplace assist the financial growth initiatives of Purdue University and profit the college’s tutorial actions by way of commercializing, licensing and defending Purdue intellectual property. The workplace is housed within the Convergence Center for Innovation and Collaboration in Discovery Park District, adjoining to the Purdue campus. In fiscal yr 2020, the workplace reported 148 offers finalized with 225 applied sciences signed, 408 disclosures obtained and 180 issued U.S. patents. The workplace is managed by the Purdue Research Foundation, which obtained the 2019 Innovation and Economic Prosperity Universities Award for Place from the Association of Public and Land-grant Universities. In 2020, IPWatchdog Institute ranked Purdue third nationally in startup creation and within the prime 20 for patents. The Purdue Research Foundation is a non-public, nonprofit basis created to advance the mission of Purdue University. Contact [email protected] for extra data.      

Writer: Chris Adam, [email protected] 

Abhi Karve, [email protected]