Emerging Technology Fund: Six Criteria for Funding - PowerPoint PPT Presentation

1 / 12

About This Presentation

Title:

Emerging Technology Fund: Six Criteria for Funding

Description:

Number of Views:34

Avg rating:3.0/5.0

Slides: 13

Provided by: skyleen

Category:

more less

Transcript and Presenter's Notes

Title: Emerging Technology Fund: Six Criteria for Funding

1
Emerging Technology Fund Six Criteria for
Funding
2
Commercialization Grant (Type D)

3
1) Commercialization of Emerging Technology

Must be considered an emerging technology
End goal of project must be commercialization,
not just research and development
Must be supported by business plan that contains
a thorough marketing and sales strategy

4
2) Collaboration with an institution of higher
education

Must be within the State of Texas, can be private
or public
CenTex RCIC can assist in identifying
collaboration partners
Updated January 2008 Categories of
collaboration
Category A (Strongest) University Spinout or
Licensed University Technology
Category B (Acceptable) An Executed Agreement
with a University for additional work. Examples
Sponsored research agreement, Contracts for
services, Marketing and business plan development
Category C (Unacceptable) A planned or
unexecuted agreement with a University for
additional work.
At application, must provide documentation of
relationship Executed contract from Office of
Technology and Commercialization, Office of
Sponsored Research, Dean or Department head, etc.
Letters from professors are not sufficient.
Pre-seed executed letter of intent with same
make-up as contract
Scope of work, cost estimates, time frame, etc
Additionally, as the company progresses through
the application process we will need copies of
these agreements.

5
3) Business Plan

Must have a defined project scope,
commercialization path, and business plan
Company must submit a Business Plan with the
application
Pre-Seed grant requests
May have an incomplete Business Plan/Strategy
and/or management team typical of very
early-stage companies
Recommend outlining your needs and strategy in
your use of funds

6
4) Demonstrable economic impact for State of Texas

Creation of high paying Texas jobs (gt18/hour)
Enhance the States competitiveness
Impact on other businesses in the cluster
Platform technologies that could spawn additional
products/businesses
Must commit to commercialization and/or
manufacturing of the technology in Texas

7
5) Commitment to raise matching funds from
outside investors

It is not required that you have raised capital
before applying
Must commit to raise funds from outside investors
Recent funding (past six months)
Funding currently in progress
Commitment to raise future funding (contingent
upon receiving ETF grant)
Grants like SBIR or STTR do not qualify as
matching funds
The State does not require a match. Looking
for intent to raise funds outside of ETF.
Must be hard equity cash
Not in-kind, not founders, not a contract in
exchange for products or services
ETF cannot be the sole source of funding.

8
6) May Result in Scientific, Medical, or Clean
Energy Breakthrough

Cannot be incremental technology or a service
business
Commercialization program Not a Research
program
Projects must be based on potentially disruptive
technology
Technology must be protected and defensible
Typically protected by patents
If ETF award will be for IP protection show in
use of funds
Additionally, as the company progresses in the
application progress you must provide your patent
number, authors, dates to the RCIC for an IP
check with the UTPO office. If the patent has
not been approved yet and if provisional, the
RCIC will need a copy of the filing receipt.
Recommended that the company submit any documents
that can support the technologys validity and
disruptiveness. (i.e. Federal program, academy,
university, industry, publications, etc.)

9
Commercialization Grant Application Evaluations

10
Application Process

11
Application Process contd