UC Receives National Science Foundation Partnerships for Innovation Grant
Published September 2003
UC in partnership with BIO/START, Emerging Concepts,
Hamilton County Business Center, CincyTech USA and Cincinnati
Children's Hospital Medical Center, was recently awarded a grant of
approximately $600,000 over a three-year period from the National
Science Foundation's (NSF) Partnerships for Innovation Program.
This prestigious award will support a three-year
program to establish a formal mechanism to develop a regional pool of
new entrepreneurs capable of succeeding in new company formation and/or
expanding existing small size companies.
The proposal, submitted by UC and its five partner
organizations, details a comprehensive training program that addresses
key knowledge, skills and insights needed to be successful in the
entrepreneurial arena. Participants in the educational program will be
connected to a pipeline of critical resources to take them from the
idea stage to successful company formation. As each entrepreneur moves
through the training stages, they will be applying the information
learned to the creation of their own business plans. Participants who
successfully complete the program will be eligible to submit their
final business plans in a competition for funding ranging from
$25,000-$50,000 to support the early implementation needs of their
business plans. Successful program participants will also be connected
to a range of experts and the Cincinnati SoundingBoard to gain valuable
business advice as well as exposure to additional sources of funding.
In addition to the external partnerships, a
multidisciplinary team from across the university came together to
prepare the proposal. This team includes representatives from the
Office of Entrepreneurial Affairs, Intellectual Property Office,
Colleges of Business and Engineering, and the UC Center for
Entrepreneurship Education and Research. Together, these groups, and
their extensive networks, provide the breadth and depth of expertise to
achieve the partnership goals.
"The team at the core of the UC proposal is a
'natural'," said Dorothy Air, PhD, associate senior vice president for
entrepreneurial affairs at the UC Medical Center. "We were already
working together on an informal basis to provide an infrastructure for
the commercialization of novel technologies, so there was an existing
sense of what such a dynamic group could accomplish together."
A formal announcement of the application process will
be made in the fall. Prior to that time, additional information can be
obtained by contacting Dr. Air at email@example.com or 558-6054. For
more information about NSF funding, visit www.nsf.gov.