Proof of Concept / Development Grant - Pitch an Idea! Group Name Nominated Group Contact Name Contact Number Contact Email Team Member Information Name Email UQ Student (Yes/No) Degree(s) undertaking or completed To the best of their knowledge, the undersigned hereby confirm that the idea as described in the submission has been generated and developed by the team members: If the above is true, please sign below and scan the document: Dow Centre Innovation Network 2 of 1 $2,500 Proof of Concept / Development Grant. – Pitch an Idea (Application Form) The Need Describe the problem and/or challenge you are addressing. Include both larger scale challenges and the specific problem(s) your solution is addressing. It is important to clearly describe how you have identified this problem and how it relates to sustainability, however depth and quality of research is not a critical part of the criteria at this stage. Area of Your Engineering Idea Idea Description What is your solution and how do you expect it to work? Risk Management Every plan and solution has assumptions and risks inherent. Describe what your top 3 assumptions are, and how you can validate them. Also identify what are your 3 biggest risks and how you will mitigate them. Why Do It? What is special about your idea or the space that it is in? Let us know why you think it’s a good idea and why someone would be willing to pay money for it. Use of Funds What do you intend to use the money on? For example, will you be seeking to conduct laboratory experiments to prove the concept, or engaging with your market? Other Let us know anything else you feel is worth mentioning, such as additional information about your idea, team, the business or market environment your idea sits within. While it is not necessary, if you have detailed financial, technical or market data that you wish to include, you can have up to five pages of appendices. Dow Centre Innovation Network 2 of 2
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