April 8, 2013
/PRNewswire-USNewswire/ -- Innovation Works is accepting proposals for the latest funding cycle of the Technology Commercialization Initiative (TCI), a statewide effort to commercialize
's university research and/or corporate innovation in robotics and advanced electronics. A total of
is eligible in multiple awards with a maximum award amount of
per project. TCI is supported by The Discovered in
, Developed in
grant program. Discovered in PA, Developed in PA is devoted to increasing economic opportunity in the commonwealth by seeding innovative ideas that promote entrepreneurship, technology transfer, business outreach, and increased capacity.
Researchers and other technologists can find the Request for Proposals for Innovation Works' Technology Commercialization Initiative at
). IW will host a webinar on
Friday, April 19
to review the submission/review process and answer any questions. The IW website will list call-in details for the webinar.
Proposal submission follows a two-step process, with an initial draft proposal due
Friday, May 24, 2013
followed by a final version due
Friday, July 26
submissions are required to be considered for an award. IW staff will provide quick, high-level feedback to individual proposers on their draft submissions. Conditional award announcements will be announced in September.
Early-stage companies, university/company collaborations, and established companies across PA are encouraged to submit projects in the general areas of advanced electronics and robotic technologies. Funding for the accepted proposals is in the form of a convertible note. The detailed term sheet for the note and the due diligence requirements are also available for download on the Innovation Works website. Matching funds are strongly encouraged on each proposed project.