Trask Innovation Fund accepting applications from researchers, innovators seeking to advance Purdue intellectual property

WEST LAFAYETTE, Ind. – Purdue University inventors who are prepared to move their innovations to market have until Feb. 21 to apply for funding through the Trask Innovation Fund.

The fund is designed to advance the commercial potential of Purdue intellectual property through short-term research projects.

There are three Trask Innovation Fund tracks:

• Innovation Sparks for Life Science and Medical Devices: Eligible innovations are applicable to life sciences and medical devices. Technology must not be under any option/license.
• Innovation Sparks for Physical Sciences: Eligible innovations are applicable to engineering, chemistry, computer sciences and other fields outside of life sciences. Technology must not be under any option/license.
• Commercialization Partner Spark: Technologies in any technology domain for which (a) OTC has either signed an option agreement with a potential licensee or (b) the applicant is engaged with Purdue Research Foundation to establish a commercialization partnership and will sign an option for technology before receiving Trask funding.

All Purdue faculty, staff and researchers who have submitted a disclosure to OTC are eligible to submit proposals. For more information on Trask Innovation Fund eligibility and submission guidelines, visit https://www.prf.org/otc/trask/proposal-guidelines.html.

Submitted proposals will be reviewed by the Purdue Research Foundation Office of Technology Commercialization based on criteria including significance of the invention, stage of development, commercialization potential, path to commercialization, intellectual property landscape and applicant’s commitment to commercialization.

About Purdue Research Foundation Office of Technology Commercialization

The Purdue Research Foundation Office of Technology Commercialization operates one of the most comprehensive technology transfer programs among leading research universities in the U.S. Services provided by this office support the economic development initiatives of Purdue University and benefit the university's academic activities through commercializing, licensing and protecting Purdue intellectual property. The office is managed by the Purdue Research Foundation, which received the 2019 Innovation and Economic Prosperity Universities Award for Place from the Association of Public and Land-grant Universities. The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Contact otcip@prf.org for more information.    

Writer: Chris Adam, 765-588-3341, cladam@prf.org
Source: Abhi Karve, aakarve@prf.org