The Puerto Rico Science, Technology and Research Trust has announced a new funding opportunity through its Technology Transfer Accelerator Hub program, aimed at supporting pilot projects to advance life science innovations by quickly and clearly demonstrating whether a technology or product is worthy of moving through the commercialization process.
For this first year, a total of $200,000 is available to support four to seven projects of $25,000 to $40,000 each. This Ideas to Products program is an effort of the Trust’s NIH-funded partnership with the Southeast XLerator Network. The call opened on Nov. 11 and pre-applications are due on Nov. 20, 2019.
“This is not a traditional grant program. The Ideas to Products Development Grant is product focused and requires business-case project management,” explained David Gulley, director of the Trust’s Technology Transfer Office. “The goal of this program is to identify and push forward those ideas that have the potential to improve patient care or enhance human health coming from companies that can become future applicants. We are very excited to lead this initiative in Puerto Rico,” he added.
All types of life science products are eligible for the grant, including, but not limited to, diagnostics, medical devices, therapeutics, preventative medicine, clinical decision support tools, digital health products, AI support tools for imaging, and other clinical applications.
Applications should involve ideas with protectable intellectual property, or IP, which originates from participating academic institutions in Puerto Rico, including the University of Puerto Rico, Ponce Health Sciences University, Ana G. Méndez University System and the Universidad Central del Caribe.
Interested parties can send inquiries to firstname.lastname@example.org. Pre-applications are available from the Trust’s Technology Transfer Office. Final invited proposals will be due Jan. 15, 2020.
For more information about the RFP process for the I2P Development Grant Program, contact the Trust’s Technology Transfer Office at 787-523-1592 or visit: http://prsciencetrust.org/tech-transfer-office-2/.