Oregon-based researchers are encouraged to submit projects with commercialization potential by March 1, 2013
PORTLAND, Ore. – Oregon Translational Research and Development Institute (OTRADI) today announced that they are accepting applications for the $30,000 OTRADI Innovation and Comemercialization Fund (OICF) awards. Oregon-based bioscience businesses and university researchers are encouraged to submit proposals focused on the development of commercializable bioscience technologies.
As part of OTRADI’s ongoing mission to promote bioscience growth, commercialization and job creation in Oregon, the OICF is intended to spur new discoveries and innovation within Oregon’s growing bioscience sector.
“Through this grant, we’re hoping to help kick start new bioscience products and business ventures here in Oregon,” said Director Jennifer Fox. “By lessening a researcher’s or small business startup’s initial costs, we can further encourage bioscience companies to take root here, fueling bioscience innovation and generating jobs in Oregon.”
Funded by the Oregon Innovation Council and Oregon Business Development Department, the OICF will be awarded in grants of up to $25,000. The rest of the fund, which amounts to $5,000, will be awarded as services provided by OTRADI scientists to be used at any phase for the winning project(s). Funds are intended for university innovations or for projects at Oregon bioscience companies.
Funding will be awarded on a competitive basis for projects that require proof-of-concept data, compound library screening and assay or prototype development to prepare a project for licensing or potential company startup. Winning proposals will be awarded based on the ability to demonstrate applicability for future commercial success and a basis for future grants or other funding.
Proposals can be submitted by Oregon-based OTRADI Oregon university researchers, nonprofit institutes and small businesses. The OICF application deadline is March 1, 2013, and OICF grants will be awarded in late 2013.