The Governor’s Office of Economic Development is pleased to announce the opening of the fiscal year 2012 Round 3 Technology Commercialization and Innovation Program (TCIP) grant applications.
“This is the final application round for fiscal year 2012,” said David Bradford, TCIP Program Director, “But with over $23 million in combined follow-on funding being reported from previous recipients, we are excited about the prospects for Utah’s most innovative new technologies.”
Previous technologies range from a new flu vaccine that would require flu shots only every several years, rather than each year, to a new nanotech-based light-emitting diode (LED).
The TCIP is a state-funded grant and mentoring program that was developed for the purpose of commercializing cutting-edge technologies developed at Utah’s colleges and universities.
There are two types of eligible applicants for this grant: 1) a faculty-led team at a Utah college or university, public or private; or 2) a company, existing or startup, that has licensed or is in the process of licensing a technology from a Utah college or university.
While the grants will help to contribute to Governor Gary Herbert’s overall goal of accelerating the creation of 100,000 new Utah jobs in the next 1,000 days, there are even broader economic implications for Utah’s future. The state invests approximately $1.6 million a year in support of university technology commercialization with the goal of generating high-paying jobs and building companies that will be an economic force of the future.
For information and instructions for the online application, go to http://business.utah.gov/programs/coe/. The deadline for applying is at noon on Thursday, March 29, 2012 and final grant award decisions will be made at the end of April.