[ 2015 Otago Innovation Proof of Concept Grant Information for Applicants Who are we and what is the Proof of Concept Grant? Otago Innovation Ltd is the University owned company that undertakes the University’s commercialisation activities. Commercialisation is the process by which novel research is transformed into a marketable idea, product or service. Commercialisation can take many years and involves not only developmental research but also an understanding of markets, competitors and different business structures. In order to interest potential partners in your novel research, additional research is often required. This additional research beyond discovery is often called Proof of Concept. As the University’s commercialisation arm, and in recognition of the University’s strategic intent to make commercialisation one of its key outcomes, Otago Innovation is making a grant available to a University researcher, or team, for Proof of Concept to help further research with commercial potential. The value of the grant is $50,000 and will be available from August 2015. Applications close on MONDAY 6th JULY 2015. All applications will be acknowledged by Otago Innovation. Who can apply? The grant is open to all academic staff employed by the University of Otago. Students may also apply provided that this is in conjunction with their supervisor or another academic staff member. How to apply: Please complete the Proof of Concept application form on our website. (Should you need any help completing the form then please contact us at [email protected]. Short listed applicants will be asked to give a short presentation to a panel of judges on 21st or 22nd July to discuss their application. The 2015 winner will be notified in the week following the review by the panel. Further assistance for applicants: Please contact Otago Innovation or your Research Advisor or Enterprise Manager who will be happy to help you with your application. [email protected] Phone: 03 479 3870
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