Project Description (2 pages total) It is recommended that you use the – following headings (or similar) in the body of your Proposal; however, you must adhere to the total page limit. Attachments such as letters of support or verification of contribution are not included in the page count. Technical Description - Include a brief summary of the technology (1 page or less.). Market Opportunity / Unmet Need - What is the envisioned commercial application product/service? Who would the customer/market be and why would they be interested or view it as important (e.g. what problem is it solving for whom?)? Path to Commercialization - What are the steps and/or barriers that must be overcome to bring this technology to market? Please describe how the ADVANCE Grant funding of the activities in this proposal will the “move toward a commercial application. Which do you envision, a start-up needle” company or an existing company, ultimately licensing the technology to produce/provide the final product or service (it is fine if it is too early to anticipate who would be the licensee but mention possibilities?)? What are the outcomes of the proposed project? Specifically, Deliverables - how do these deliverables meaningfully advance or de-risk the technology toward a commercial outcome? Prior Funding - Has any other prior funding gone into commercial efforts for this technology? Be specific about amounts, source of funds (e.g. university, MEDC, other), and purpose of the funds? Budget and Signature Form (no page limit; use number of pages needed – to complete the Form). Include a proposed budget using the appropriate Budget and Signature Form. The total budget cannot exceed $80,000. Please note that there are separate columns in the Form for expected in-state and expenses. You have the flexibility to build the budget you feel you will need and you should only request the amount needed. Also, include a brief budget justification. Applicants will need to provide at least 50% of the total budget as matching funds. No in-kind match is permitted. These matching funds cannot originate from another MEDC (or Michigan Strategic Fund) funded program. The TTO rep submitting the application will be expected to manage the budget and execution of all the activities proposed in the proposal. Please note the following related to your budget:
Project Description (2 pages total) – It is recommended that you use the following headings (or similar) in the body of your Proposal; however, you must adhere to the total page limit. Attachments such as letters of support or verification of contribution are not included in the page count. Technical Description - Include a brief summary of the technology (1 page or less.). Market Opportunity / Unmet Need - What is the envisioned commercial application product/service? Who would the customer/market be and why would they be interested or view it as important (e.g. what problem is it solving for whom?)? Path to Commercialization - What are the steps and/or barriers that must be overcome to bring this technology to market? Please describe how the ADVANCE Grant funding of the activities in this proposal will “move the needle” toward a commercial application. Which do you envision, a start-up company or an existing company, ultimately licensing the technology to produce/provide the final product or service (it is fine if it is too early to anticipate who would be the licensee but mention possibilities?)? Deliverables - What are the outcomes of the proposed project? Specifically, how do these deliverables meaningfully advance or de-risk the technology toward a commercial outcome? Prior Funding - Has any other prior funding gone into commercial efforts for this technology? Be specific about amounts, source of funds (e.g. university, MEDC, other), and purpose of the funds? Budget and Signature Form – (no page limit; use number of pages needed to complete the Form). Include a proposed budget using the appropriate Budget and Signature Form. The total budget cannot exceed $80,000. Please note that there are separate columns in the Form for expected in-state and expenses. You have the flexibility to build the budget you feel you will need and you should only request the amount needed. Also, include a brief budget justification. Applicants will need to provide at least 50% of the total budget as matching funds. No in-kind match is permitted. These matching funds cannot originate from another MEDC (or Michigan Strategic Fund) funded program. The TTO rep submitting the application will be expected to manage the budget and execution of all the activities proposed in the proposal. Please note the following related to your budget:
ADVANCE%20Grant%20Program%20Proposal%20Submission.docx