SyracuseCoE Innovation Fund

The deadline for round one of the 2021 Innovation Fund has passed.

Download the Innovation Fund Narrative Outline
Download the Innovation Fund Contract Template
Download the Innovation Fund Budget Template

APPLICATION HERE

SyracuseCoE Innovation Fund Application

 

Verification


Synopsis

SyracuseCoE invites proposals from current and new members of the Partner Program for up to $10,000. The Innovation Fund is funded by members of the SyracuseCoE Partner Program to help Partners overcome barriers to commercialization of potentially transformative innovations. Projects must address a challenge within SyracuseCoE’s core focus areas, and preference may be available for projects that address the ongoing pandemic, as well as post-pandemic challenges. We welcome projects that include research engagements with faculty and students, support for product development and testing, market analyses, proposal match requirement, and more.

See previously awarded Innovation Fund projects


Award Information

  • Type of Award: Fixed cost agreement – milestone-based
  • Funding Rounds expected annually: 2
  • Anticipated Number of Awards in round: Up to 5 awards
  • Maximum Award: $10,000
  • Project Duration: Nine months from execution of contract

Eligibility Information

Eligibility for awards is extended to current and new members of the 2021 SyracuseCoE Partner Program. Collaborations with academic researchers from Partner institutions are encouraged; however, proposals must be submitted and led by SyracuseCoE Partner firms.

Proposals may be accepted from new Partners…visit the Partner webpage or contact tlrosani@syr.edu to learn more about joining the program.

Applicants with an overdue Innovation Fund contract may not apply, and applicants will not be eligible to receive more than 3 consecutive awards. Accepted Innovation Fund projects must be under contract within four months of award notification or they may be required to reapply in future rounds.


Budget, Payment, and Match Requirements

Applicants must include a budget signed by an authorized company official, a template for which may be found at the top of this page. Matching funds are encouraged as either cash or in-kind; while not required, the strength of a proposed match is included among review criteria. Funding from federal, state, and foundation sources may be used to support a portion of matching funds; awards administered by SyracuseCoE may not be used as match. Applications must include a budget that clearly defines uses of funds, as well as verifiable sources of match, if included. Proposals must also include milestones for payment of requested funds.


Application Information and Timeline

All applications must include a narrative and signed milestone budget, and they may be submitted online via the online application at the top of this page.

Deadline: Thursday, March 11, 2021, at 5:00 pm ET 

Proposals will be reviewed based on the following selection criteria:

  • Impact in SyracuseCoE areas of focus
  • Technical merit, based on sound engineering and/or scientific principles
  • Extent to which the proposed technology or process is innovative and has the potential to advance the state-of-the-art
  • Extent to which proposal moves technology toward commercialization
  • Expected economic outcomes, such as potential revenue, jobs created/retained, etc.
  • Justified and reasonable budget plan, including strength of proposed match
  • Qualifications and strength of project team

After an initial review by staff, selected applicants will be invited to participate in a proposal pitch to a panel of judges, which may include members of the SyracuseCoE Industry Partners Council, SyracuseCoE staff and others stakeholders. Funding decisions may be expected shortly thereafter.

In all cases, the review process will be conducted under the oversight of SyracuseCoE’s executive director, with staff support.


Invoicing

Invoices will be submitted upon completion of pre-approved milestones. A progress report must accompany each invoice, and a final report is required with a final invoice.


Reporting Requirements

Progress reports to be submitted with invoices will be reviewed and approved by SyracuseCoE staff prior to payment. Award recipients will be surveyed at least annually by SyracuseCoE staff for information on outcomes related to the project, including jobs created and/retained, increased sales, patent and license information, etc.


Contact

Tamara L. Rosanio
Associate Director for Partner Programs, SyracuseCoE
tlrosani@syr.edu