Every day, breakthrough innovations occur at Ohio State, and sometimes these inventions need just a small amount of capital for further development. Seeing this need for proof-of-concept funding, the Technology Commercialization Office, Office of Research and TechColumbus are implementing a new funding program called the Accelerator Awards.
The Accelerator Awards will provide a small amount of fast and flexible capital to Ohio State researchers to further develop and validate their inventions, software and technologies. With the idea that small amounts of strategically focused capital can make a big difference toward the start of commercialization, the Accelerator Awards will provide faculty, postdoctoral and graduate student researchers a first step in concept development, prototyping and coding toward the proof of concept of an invention.
“These awards are really focused on developing first- or second-generation prototypes for research studies that need proof-of-concept validation,” said Vice President of Technology Commercialization Tim Wright. “Together with Vice President of Research Caroline Whitacre and the leadership at TechColumbus, we saw a need to implement this program and give researchers and inventors a boost in providing the next step in the commercialization process.”—Technology Commercialization Office