Technology Development Fund Research Grants
The Technology Development Fund Research Grants are funded by the University of Massachusetts President's Office and provide UMass researchers with supplemental funding to advance previously disclosed university technology toward commercialization. The Fund was initially created as part of the University’s science and technology activities and as part of OTCV’s desire to increase licensing income, startups, and entrepreneurism across all five campuses in our system. Up to 10 projects are expected to be funded.
Technology Development Fund grants are intended to move technologies to provide University of Massachusetts researchers with supplemental funding to advance previously disclosed University technologies toward commercialization. The grant is intended to move technologies to the proof-of-concept stage or to allow the investigator to take other critical steps to make the technology attractive for licensing or other forms of commercialization. This might include moving a technology to the point where it could form the basis of an appropriate I-Corps grant application, SBIR/STTR application, etc.
The Fund is NOT intended to support basic research, but rather close the gap between the research discovery and proven technology.