Commercial Development & Industry Partnerships (CDIP)
CDIP Fund Application Form
About the Fund
The CDIP Fund provides critical financial support for research projects with commercial
potential. These funds will be used to:

Strengthen the patent applications filed by the university, especially by reducing
inventions to practice during the 12 months period between provisional filing and PCT
filing;

Strengthen the university's copyright portfolio; and

Develop ’unripe’ projects into licensable opportunities by reaching critical milestones
and demonstrating feasibility.
Preferred opportunities should have high commercial potential and a practical nature that
cannot be funded by regular scientific research grants.
Instructions
All applications must satisfy the following criteria:
(a) The underlying intellectual property is majority owned by the University of
Sydney and is registered with CDIP at the time of the Application (Record of
Invention)
The underlying intellectual property is fully owned by the university, or if shared, the
university has commercialising lead with more than 50% ownership of the intellectual
property. If the university has less than 50% ownership, the other owner(s) will need to
provide matching funding.
(b) The funding must be applied to certain eligible activities.
Is the funded activity one of:
a. construction of prototypes;
b. in-vivo testing for therapeutics intellectual property;
c. testing in animal models for biomedical devices intellectual property; and
d. development of software and other copyright materials.
(c) The funding must be used for approved purposes.
The funding can only be used to buy materials, animals and external services, and not
for buying equipment or to fund staff salaries.
Upon completion, please email the completed form to: cdip@sydney.edu.au
© The University of Sydney 2012
11-07-2012
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Commercial Development & Industry Partnerships (CDIP)
CDIP Fund Application Form
Part 1 – The Application
1. TITLE OF APPLICATION
Title
2. PRINCIPAL INVESTIGATOR
Leading investigator (must be full-time staff of the university)
3. COLLABORATING RESEARCHERS
Other researchers working on this project (full-time, part-time, adjunct or honorary staff
members)
4. ARE ANY STUDENTS EXPECTED TO PARTICIPATE IN THE PROJECT?
Students. IP assignment to the university is a requirement to student participation.
5. RESEARCH PERIOD
From start date to end date
6. TOTAL FUNDING REQUESTED
Total funding
7. MARKET ASSESSMENT
Background of the intellectual property:
In less than 50 words, describe the problem you are solving, existing solutions, and how your
intellectual property overcomes any drawbacks or disadvantages of existing solutions.
Description of intellectual property
Development of the intellectual property under this fund:
In less than 20 words, describe the end product of this funding.
Description of end product
Entry to market and commercialisation gap:
In less than 50 words, let us know if the end product of this funding is a prototype/drug
that can be marketed, or the funding only provides for a portion of the development work
for the intellectual property. If the end product from this funding is marketable, what form
it would take (would it be an independent product? Would it be incorporated into an
existing platform? Would it be a platform on which other products can be built?). If the
funding only provides for a portion of the development work, please answer the next
question.
Description of marketable product
What would you consider to be the desired commercial pathway ie: Licence or Start-up
© The University of Sydney 2012
11-07-2012
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Further development required:
If the CDIP funding only funds a portion of the development work required to realise a
prototype/drug in the market, in less than 100 words, please describe the major steps to
achieve a product incorporating the intellectual property that can be sold in the
marketplace. For example, if the end product of the funding development is a platform
technology, please provide an estimated timeline of securing complementary
technologies that are required to produce a marketable product.
Estimated timeline of further development steps (if necessary)
Barrier to market and risks
Building on your response to the previous question, in less than 50 words, list the major
obstacles to successful commercialisation of the intellectual property. Please identify
where the obstacle(s) will appear in the development timeline and the further time and
resources required to overcome the obstacles (licensing or procurement of
complementary technologies).
Description of barrier to market and estimated resources required
Market size:
Estimate the market size in dollar terms of the product incorporating the intellectual
property that can be sold in the market place. This can be done by one of:
(a) determining competitor(s) that this new product will displace and obtaining an
estimate of the market size of the competitor(s) from the internet;
(b) determining current unmet need in the market, and estimating the market size of
the unmet need from a number of sources on the internet; and
(c) determining the number of potential customers that may find the product useful,
and determining a price point of the product based on other comparable products
in the marketplace.
Estimate of the dollar value of the market size
Competitors:
List a few established companies with similar products in the market.
Competitors
Benefits to the University of Sydney:
In less than 50 words, why should CDIP fund be used to support this work? (i.e. why is
there no other funding sources to support this work). Please be reminded that CDIP fund
cannot be used to fund staff salary.
Benefits to the university
7. WORK PLAN
Describe the work that is to be done to achieve the previously stated end product of the funding. Please
use the following tables to provide the details of each milestone, and divide the work plan into at least
2-3 specific interim milestones. If there are concurrent milestones, please specify in the table. You do
not have to use all of the tables provided.
Ethics: Is Ethics approval required for this application? Yes / No (please circle)
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Milestone: Title of milestone (compulsory)
Description: Concise description of work plan in less than 50 words (what will you do, how will you do this step,
why do you want to do this step, what do you hope to achieve)
Expected
duration
Expected cost
Commercial impact
IP Value Impact
Expected
duration
Estimated cost for this
milestone, with a brief
breakdown of costs
Why is achieving this step important to
the product that will be sold in the
market?
How does this milestone
affect the value of the
patent filing (if any)?
Milestone: Title of milestone (compulsory)
Description: Concise description of work plan in less than 50 words (what will you do, how will you do this step,
why do you want to do this step, what do you hope to achieve)
Expected
duration
Expected cost
Commercial impact
IP Value Impact
Expected
duration
Estimated cost for this
milestone, with a brief
breakdown of costs
Why is achieving this step important to
the product that will be sold in the
market?
How does this milestone
affect the value of the
patent filing (if any)?
Milestone: Title of milestone
Description: Concise description of work plan in less than 50 words (what will you do, how will you do this step,
why do you want to do this step, what do you hope to achieve)
Expected
duration
Expected cost
Commercial impact
IP Value Impact
Expected
duration
Estimated cost for this
milestone, with a brief
breakdown of costs
Why is achieving this step important to
the product that will be sold in the
market?
How does this milestone
affect the value of the
patent filing (if any)?
Milestone: Title of milestone
Description: Concise description of work plan in less than 50 words (what will you do, how will you do this step,
why do you want to do this step, what do you hope to achieve)
Expected
duration
Expected cost
Commercial impact
IP Value Impact
Expected
duration
Estimated cost for this
milestone, with a brief
breakdown of costs
Why is achieving this step important to
the product that will be sold in the
market?
How does this milestone
affect the value of the
patent filing (if any)?
Milestone: Title of milestone
Description: Concise description of work plan in less than 50 words (what will you do, how will you do this step,
why do you want to do this step, what do you hope to achieve)
Expected
duration
Expected cost
Commercial impact
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IP Value Impact
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Expected
duration
Estimated cost for this
milestone, with a brief
breakdown of costs
Why is achieving this step important to
the product that will be sold in the
market?
How does this milestone
affect the value of the
patent filing (if any)?
8. FUNDING TRANCHES
The funding will be provided in 2-3 tranches, after the achievement of previously described milestones.
Tranche
Milestone
Funding ($)
1
Title of milestone (possibly multiple milestones in one funding tranche)
Funding
2
Title of milestone (possibly multiple milestones in one funding tranche)
Funding
3
Title of milestone (if any)
Funding
4
Title of milestone (if any)
Funding
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Part 2 – Additional Information
If the CDIP funding is requested for prototyping, please provide a schematic or CAD drawing of the prototype.
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