Funding Your Inventions

The Proof of Concept (PoC) fund aims to support AUC’s faculty and staff by providing funds to drive projects with significant commercial potential toward achieving key commercial milestones, that will help transform early-stage research into investment-ready technologies, thereby increasing their chances of success and opportunities for uptake into the market. At the end of the PoC fund, certain technology risks should be removed, and potential should be demonstrated to enable the technology to be ready for further investment: a licensing agreement, a joint development plan with external organizations, a large grant application for translational funding to enable the next stage of commercial development, or in some cases licensing into a new faculty-led startup company formed around the technology.

Eligibility

Eligible projects include those in which have applied for IP protection in the form of a patent application within the past five years through AUC’s Technology Transfer Office.

Download the proof of concept application form and the milestone and fund release plan.