Technology Development Ignition Awards

The Ignition Award Program awards funds to validate early-stage projects with clear commercial and medical potential. By enabling researchers to generate relevant data, reach key milestones, or show proof-of concept, the Ignition Awards help bring new technologies to a mature enough state where they can be licensed, spun off as a New Venture, or create a new, non-profit social enterprise.

The awards are not prizes, but are funds to accomplish specific applied research tasks.

The Application Process

The application process begins in October, with final award decisions made in March. The Technology Development office, working with a review committee of representatives from the investment, industry and academic communities, select award recipients based on a thorough review judging the feasibility and impact of the proposed project. Two of the most important selection criteria are the technical feasibility of the program and the commercial impact the technology is likely to make. Technology Development determinations are final.

Awards will be made on a rolling basis based on commercial potential and social impact.

Technology Development oversees the process and approves the final recommendations.

The steps in the process are as follows:

 

Additional Information