Overall, the Fund will give a strong preference to projects that are designed to develop technologies with significant commercial potential for which this grant will help make them more attractive to license to an existing company or to the formation of a new company.
Specifically:
- Technologies from all disciplines will be considered, but the technology must be novel.
- Applications for a second OTCV award for the same technology will not be considered, however, pursuing other sources of commercialization support for that technology is strongly encouraged.
- The technology should have reasonable probability of commercial success and financial return for the University.
- The technology must address a demonstrated market need.
- The technology must address a market of sufficient size that justifies further investment.
- The award will make a significant difference in demonstrating the commercial potential of the technology.