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U of Utah tech transfer arm launches new early-stage tech fund

By Jesse Schwartz
Published: May 16th, 2018

The University of Utah’s Center for Technology & Venture Commercialization (TVC) is launching a new fund for early-stage innovations with high commercial potential.

The University of Utah Seed Fund will grant a total of up to $1 million to help university researchers develop promising technologies, support them throughout the commercialization process, and help them attract additional funding.

“The Seed Fund will help inventors at the university advance their work towards new products and services, as well as serve as the foundation for launching new companies in Utah,” says Keith Marmer, executive director and associate vice president of TVC.

“It is often a small amount of money that can have the greatest impact on advancing a technology during the early stages of development,” Marmer adds. “The Seed Fund will serve as a much needed bridge to larger funding sources as well as industry and entrepreneurial partnerships.”

The fund will require researchers to meet milestones validated by market factors, with further funding available if the milestones are reached. Marmer says that the milestones are also meant to attract additional state and federal grants as well as private funding.

“Additionally, getting a technology further developed attracts top entrepreneurs and talent to help move these inventions to market,” he says. “I’m hopeful this is merely the beginning.”

Source: EurekAlert!

Posted under: Tech Transfer e-News

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