BGSU looking to launch research into the marketplace

BOWLING GREEN, O.—Great ideas sometimes need a little help to become reality. The Commercialization Catalyst (CC) Award at Bowling Green State University aims to do just that—provide the funding necessary to bring the results of faculty and student research and creative activity to the marketplace.

The CC Award program is a collaboration between BGSU’s Dallas-Hamilton Center for Entrepreneurship and Innovation and Office of the Vice Provost for Research, and the Regional Growth Partnership (RGP). It’s designed to provide the initial resources to assist in commercialization of intellectual property developed at and previously disclosed to BGSU.

Two awards are available in amounts up to $25,000 each. Awards will be made for a 12-month period, but may be extended and/or renewed. Funding will be contingent on successful progression of the project toward two key factors: achieving commercialization potential and progressing along the projected timelines.

“The award will support entrepreneurial faculty members at BGSU who want their ideas and research to have an economic impact. This award will bring together the expertise at BGSU and our partners at the Regional Growth Partnership to commercialize inventions developed by the students, faculty and staff of the university. Our economic times demand that we become pro-active in this area,” said Dr. Deanne Snavely, interim vice provost for research and dean of the Graduate College at BGSU.

“The overall objective is to accelerate the commercialization of intellectual property within BGSU and increase the velocity of technology-based economic development within the region,” said Greg Knudson, vice president of technology and director of Rocket Ventures, an early-stage venture capital fund in northwest Ohio. “Additionally, the award incorporates a very strategic approach by leveraging the intellectual resources at BGSU with the business management leadership and the capital resources available in northwest Ohio.”

Pre-proposal concept papers will be reviewed in the September. Based on this review, a submission of full proposals will be invited. The CC Advisory Board will review those proposals and select three to five finalists. Finalists will be announced in October. They will present a proposal to the board that shows the commercialization potential of the project. Awards will be announced in November.

Priority will be given to proposals paralleling the Ohio Third Frontier focus areas and aligning with the investment criteria of the RGP.

The project period runs from January-December 2011. The RGP and Rocket Ventures will act as a resource for BGSU faculty, providing communication, guidance and leadership.

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(Posted May 24, 2010 )