University of rochester technology development fund ott f i r e series march 10 2011
This presentation is the property of its rightful owner.
Sponsored Links
1 / 21

University of Rochester Technology Development Fund OTT F.I.R.E. Series - March 10, 2011 PowerPoint PPT Presentation


  • 55 Views
  • Uploaded on
  • Presentation posted in: General

University of Rochester Technology Development Fund OTT F.I.R.E. Series - March 10, 2011. Michael G. Rusnak, Fund Manager Deputy Director New Ventures and Technology Development URMC Office of Technology Transfer 585.784.8850 [email protected] Agenda.

Download Presentation

University of Rochester Technology Development Fund OTT F.I.R.E. Series - March 10, 2011

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


University of rochester technology development fund ott f i r e series march 10 2011

University of RochesterTechnology Development FundOTT F.I.R.E. Series - March 10, 2011

Michael G. Rusnak, Fund Manager

Deputy Director New Ventures and Technology Development

URMC Office of Technology Transfer

585.784.8850

[email protected]


University of rochester technology development fund ott f i r e series march 10 2011

Agenda


University of rochester technology development fund ott f i r e series march 10 2011

  • Technology Development Fund (TDF)

  • Devoted to supporting University researchers who wish to further the process of translating their scientific and engineering research into commercial opportunities.


The why

The Why:

UR TDF

Corporate

Partner


Where the tdf fund

Where: The TDF Fund

  • Philanthropic

    • Advancement activity

    • Example $25,000/yr for three years

  • UR and URMC IP pool contributions

  • Goal is $500,000/year

  • Evergreen


Who qualified applicants include

Who: Qualified Applicants Include

  • Faculty member

  • Post doctoral fellow

  • Graduate student

  • University employee

    *An Invention Disclosure must be on file with OTT prior to or along with application indicating the intent to pursue commercial opportunities.


Invention disclosure

Invention Disclosure

The Office of Technology Transfer

Box OTT/611 Hylan Building, Box 270142

784-8850 / 275.3998

http://www.urmc.rochester.edu/technologytransfer/inventors


University of rochester technology development fund ott f i r e series march 10 2011

Who: Project Caveat

The Intellectual Property associated with your application cannot be encumbered by any obligation (license, option, first right of refusal, first look, etc) to a for-profit entity.


What awards can range

What: Awards Can Range

  • $40,000 to $100,000

  • Supports projects of approximately one year in duration

  • Supports technical and administrative staff salaries

  • Supports equipment, and supplies

    ** It does not fund faculty salaries or overhead


How application process

How: Application Process

  • Two Funding cycles per year

    • Fall

      • Applications due October 1st

      • Awards granted December 31st

    • Spring

      • Applications due April 1st

      • Awards granted June 30th


Application process

Application Process:


University of rochester technology development fund ott f i r e series march 10 2011

Application Process:

Pre-Proposal Stage

  • Screening Committee

  • Jack Baron – Chair

  • Entrepreneurs

  • VCs

  • Industry

  • Pre-Proposal - 2 pages

  • Brief Project Summary

  • Background

  • Plan/$$

April 8, 2011


University of rochester technology development fund ott f i r e series march 10 2011

Application Process:

Criteria for Review

  • Scientific and technical merit

  • Research objectives toward commercial objectives

  • Feasibility and risk associated with the

  • commercialization

  • Potential economic impact of the innovation

  • Clarity of path to commercial viability

  • Significance of market for the proposed product

  • Probability that the funding will produce results

  • that will lead to external funding

  • Degree of patent protection

  • Who you know

  • Seniority

  • Kickbacks


University of rochester technology development fund ott f i r e series march 10 2011

Application Process:

Pre-Proposal Screening

Screening

Committee

April 25, 2011


University of rochester technology development fund ott f i r e series march 10 2011

Application Process:

Full Proposal Submissions/Oral Presentations

April 25, 2011

  • Full proposals

  • Grant-like

  • 5-10 pages

  • Clear budget/

  • milestones

Full Proposals Due – May 20, 2011

Oral Presentations – First Week in June


University of rochester technology development fund ott f i r e series march 10 2011

  • Application Process:

  • Screening Committee Recommendations to the TDF Executive Committee

Recommendations - June 10

TDF Executive

Committee Meeting ~June 20

  • Ralph Kuncl – Chair

  • URMC COO

  • UR Dean Engineering

  • Dean Simon School

  • Advancement

  • OTT

  • HTR

  • Screening Committee

  • Others

July 1, 2011


University of rochester technology development fund ott f i r e series march 10 2011

  • Post Award:

  • Formation of project team

  • 2 weeks of diligence, budget, and project

  • finalization

  • Confirmation of start date and commercial

  • milestones

  • Transfer of Funds


University of rochester technology development fund ott f i r e series march 10 2011

  • Terms and Conditions

  • PI Time and Effort

    • Responsible for plan/oversees the project

    • Help offered throughout process – OTT,

    • Simon School, HTR , local entrepreneurs, etc.

  • Quarterly reports to project team/fund manager

  • Milestones

  • Other funding issues

  • If commercially successful-paying back the fund

    • 3X the award


University of rochester technology development fund ott f i r e series march 10 2011

UR TDF


University of rochester technology development fund ott f i r e series march 10 2011

  • For Applications and FAQs http://www.rochester.edu/TechnologyDevelopment/

  • **Web Update by Monday, March 14, 2011**

  • **All proposal templates will be in Word format and submitted to M. Rusnak via e-mail**


University of rochester technology development fund ott f i r e series march 10 2011

Technology Development Fund (TDF)

Schedule: Spring 2011 Funding Cycle


  • Login