UIC will launch a $10 million fund to move technologies devised by faculty, students or staff from research to commercial use. The Chancellor’s Innovation Fund will make grants totaling $2 million a year for five years. About half the funding will finance proof-of-concept grants of up to $75,000 for projects just emerging from basic research. The other half will provide equity funding of $150,000 to $250,000 for start-ups that have moved beyond proof-of-concept and are closer to commercialization.
To read the original article: Bridging gap between research, commercialization | UIC News Center
