Funding to advance promising technologies
University technologies are usually early-stage and require significant additional development and investment prior to generating revenue. Access to capital plays a major role in the success of maturing these technologies. Ohio State has developed a full funding continuum to support inventors in the development of concepts from early stage to end product or company. This funding continuum supports our researchers and entrepreneurs through the commercialization process and reduces risk for those interested in investing in or licensing these technologies.
Accelerator Awards
The Accelerator Awards program provides up to $150,000 to Ohio State researchers who have disclosed their inventions to the Corporate Engagement Office. The award may be used to advance and further develop promising technologies, bringing them closer to market.
- Lead Applicant: Ohio State inventors and creators
- Fund Manager: independent selection committee
- Eligibility: technology is based on an invention disclosure filed with the Ohio State technology commercialization and has the potential for becoming the basis of a startup company
- Funding: up to $150,000
- Type of Security: grant
Small Business Technology Transfer (STTR)
The Small Business Technology Transfer (STTR) program is a federal grant designed to fund technology development and commercialization in small businesses and meet federal research and development needs. Through a competitive awards-based program, these grants enable small businesses to explore their technological potential and provide the incentive to profit from its commercialization.
- Lead Applicant: Company
- Fund Manager: 12 Federal agencies, including NIH, NSF, DOD, DOE
- Eligibility: U.S. owned and operated for-profit company with less than 500 employees
- Funding: Phase I $150,000-$225,000 over 6-12 months; Phase II up to $1 million over 2 years
- Type of Security: Grant or contract
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