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FSURF GAP Program

FSURF GAP Program. To help fill the gap between university research and creative work and the demonstration of the technical and economic feasibility of a product that might be created from that work Draft for comment

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FSURF GAP Program

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  1. FSURF GAP Program To help fill the gap between university research and creative work and the demonstration of the technical and economic feasibility of a product that might be created from that work Draft for comment JFraser 1/12/05.

  2. Goal Assist PI’s to define and produce near term results to close the gap of defining commercial possibilities. Program funding - $250, 000/year for 4 years. Tangible Program outcomes: • Additional grant support for PIs • External licenses and options for FSU • Longer term – some products

  3. Method Offer support at three stages: • Market Scan, Work Definition, Work Performed Modest awards ~ $40k per project, one year duration. Repayment from successful commercialization. Few spending restrictions

  4. Process Based on similar programs at 24 other research universities. Triggered by an invention or work disclosure form. Proposals developed with TT support • Including third party review, with industry participants • May be submitted at any time Quarterly competitive review by FSURF/Faculty panel.

  5. Proposal Development Proposals may arise in any area of creativity PI and TT staff work with third Party to create a multi-step project proposal: 1. Market Scan • Value and size of defined product markets • Estimate of remaining development cost • Estimate of time to market after project completion • Probability that project results will be achieved.

  6. 2. Define specific work goals that will significantly reduce technical and economic risks to for-profit investment, and/or Establish that there are significant opportunities for broader, and even more important research efforts. 3. PI’s proposal establishes commitments, goals, plan, budget, schedule and defines tangible results. GAP funding provided to do work.

  7. Evaluation Initial screening by TTO for required content. FSURF and Faculty Cttee review, ranking and award: • Expect one or two per quarter from three to five active and qualified proposals.

  8. Expected Outcomes Successful projects will increase one or all: • Extramural research funding; • Industrial product development activity; • Options and licenses for commercialization; • New company formation. All participants will be more likely to recognize the others’ needs and strengths.

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