Innovation Grant (IG)
Innovation Grants provide funding to encourage the technology transfer and commercialization of intellectual property between Pennsylvania’s technology-oriented businesses and entrepreneurs and academic medical institutions, non-profit research institutions, and Pennsylvania Institutions of Higher Education (IHEs) with preference given to Keystone Innovation Zone-participating IHEs. The Innovation Grant program is a companion program to the Keystone Innovation Zone (KIZ) program.
Guidelines
Uses
Innovation Grants are designed to assist academic medical institutions, non-profit research institutions, and Pennsylvania IHEs with preference given to KIZ-participating IHEs, to improve their performance in transferring technology from their institutions to the marketplace. The technology areas of focus will be the same as those adopted by the KIZ Partnership as their priority areas where appropriate.
Funding
In order to spur the development of new businesses in the Commonwealth, the Keystone Innnovation Grant (KIG) program was provided $10 million in funds. With the last round of KIG funding, the $10 million line item was expended. The funding for this solicitation of Innovation Grant proposals is $1.5 million and is funded through an allocation from the BFTDA FY 2010-11 budget approved at the July 22, 2010 BFTDA Board meeting.
Eligibility
Pennsylvania IHEs with preference given to KIZ-participating IHEs, academic medical centers, and non-profit research institutions
Terms
Each Grant request may not exceed $100,000, must be matched dollar-for-dollar by resources other than the Commonwealth of Pennsylvania. Grants to IHEs, academic medical centers, and non-profit research institutions are to facilitate technology transfer, including patent filings, technology licensing, intellectual property and royalty agreements and other designated resource needs.