University of Missouri System Intellectual Property Fast Track Funding Program Office of Research and Economic Development 309 University Hall Columbia, MO 65211 573.882.6726 Request for Proposals Introduction In 2008, the UM Office of Research and Economic Development piloted a one-time funding program designed to enhance the university’s research discoveries by moving them further down the commercialization pipeline. From the projects funded under the program, numerous patent applications and license agreements resulted, as well as the raising of more than one million dollars in research funding and investment capital. Due to this success, the Vice-President for Research and Economic Development has committed $500,000 for a second round of funding under the Fast Track program. Funding Opportunity The UM Office of Research and Economic Development will provide funding up to $50,000 per proposal to support prospects from each of the UM campuses. Funding under this program is to allow recipients to focus on development, testing, or prototype construction, and/or conduct specific market research. This evaluation may lead to industry collaboration, licensing, the formation of a new company, or the abandonment of the technology for commercial application. Funds received are not to be used for basic research, but to evaluate the commercial potential of existing research. The funding request should be the lowest cost proposal to complete the work. Request for Proposals By means of this request, the UM Office of Research and Economic Development will be allocating one-time funds to focus on moving intellectual property in a quick and costeffective manner from the drawing board into production. Please use the attached form to submit a proposal to your campus research office. The budget may include only direct project expenses. The proposals submitted will be ranked by the campus research officer and then all proposals will be forwarded to the UM Office of Research and Economic Development. A final technical and financial report is to be submitted at the completion of the project and an award impact report submitted one year following completion of the funding period. Proposal Review Committee A five to eight member review panel consisting of both technical and business expertise will review the proposals. The review panel will make a recommendation to the Vice President for Research and Economic Development on the top applications. The review panel will take into consideration the technology’s novelty, commercial potential, intellectual property position, and the expected outcomes of the work. Timeline January 17, 2013 Request for proposals distributed to campus research office February 18, 2013 Deadline to submit a proposal to the campus research office for review and ranking. (UMSL proposals should be submitted to Tamara Wilgers, wilgerst@umsl.edu, 341 Woods Hall, by 5 p.m. on Feb. 18.) March 25, 2013 Campus research officer forwards all proposals to UM Vice President for Research and Economic Development (VPRED) April 29, 2013 UM VPRED announces awards _____________________________________________________________________ For questions regarding this program please contact: Ashley Wilson, Funding Programs Assistant Office of Research and Economic Development University of Missouri System (573) 882-1714 wilsonak@umsystem.edu University of Missouri System Intellectual Property Fast Track Funding Program Application Form Principal Investigator (last, first, middle): Funding Amount Request: $ Employee ID: Degree (s): Mailing Address: Position Title: Telephone and Fax (Area code, number and extension) TEL: E-Mail Address: FAX: Title of Project: Project Start Date: Project Duration (months): Past and/or Current Funding Related to the Project (use separate sheet if necessary): Matching Funds Available (use separate sheet if necessary): $ $ Source: Collaborator Information (last, first, middle) (use separate sheet if necessary): Source: Campus/Department: Employee ID: Position Title: Mailing Address: Previous Invention Disclosures to the university technology transfer office relevant to this technology: Previous patents applied for or allowed regarding this technology: RETURN THE COMPLETED FORM TO YOUR CAMPUS RESEARCH OFFICE BY FEBRUARY 18, 2013 Page 1 Project Information Project Description (explain the purpose of the project, the need for and planned use of the funds) (500 words or less): Project objectives, goals, and expected outcomes (i.e. what you hope to achieve) (250 words or less): Budget Information (250 words or less): ________________________________________________________________________ For questions regarding this program please contact: Ashley Wilson, Funding Programs Assistant Office of Research and Economic Development University of Missouri System (573) 882-1714 wilsonak@umsystem.edu RETURN THE COMPLETED FORM TO YOUR CAMPUS RESEARCH OFFICE BY FEBRUARY 18, 2013 Page 2