Tech Transfer eNews Blog

U of Arkansas launches multimillion dollar fund to help faculty commercialize their research

By Jesse Schwartz
Published: February 6th, 2019

The University of Arkansas (UA) has announced a new fund aimed at helping faculty members take their research to the marketplace.

Administered by the UA Office of Economic Development and supported by the Walton Family Charitable Support Foundation, the Commercialization Fund – a subset of the Chancellor’s Fund — will dedicate $1 million each year to advancing UA technologies with high commercial potential.

The Commercialization Fund, a subset of the Chancellor’s Fund, will award $1 million a year to help propel technologies with strong market potential to commercial readiness.

The Chancellor’s Fund now has three subsets: the Innovation and Collaboration Fund, the Commercialization Fund and the Gap Fund.

“This new fund is a game-changer for campus commercialization efforts,” says Stacy Leeds, vice chancellor for economic development at UA. “Faculty innovators and entrepreneurs will now have financial support to bring their ideas to market more efficiently, increasing the economic and social impact of university innovations.”

The Commercialization Fund will specifically target aggressive research teams that have developed mature projects with real-world applications.

Source: University of Arkansas News

Posted under: Tech Transfer e-News

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