Innovation Flight Fund

Purpose

The Vice President for Research Innovation Flight Fund fills a critical gap in the technology development pathway at Temple University by providing a resource to perform critical experiments and establish initial proof-of-concept, such as the development of initial device prototypes, performance of initial validation studies for therapeutics, and developing and testing software (including AI-based concepts).

Learn more about the Innovation Flight Fund in the sections below.

Fund Overview

Innovation Flight Fund Size: The $250,000/year fund is designed to support multiple smaller technology development projects, subject to annual budget approvals by the Vice President for Research.

Target Project: Unlicensed emerging technologies developed by Temple University faculty and staff. Examples of project categories and potential uses of funds:

  • Device (medical or non-medical): Prototyping
  • Diagnostic: Tissue library testing
  • Therapeutic: Generate pre-clinical data, including efficacy, formulation and dosing studies
  • Digital Solution: Software development and testing

Per Project Funding: Project funding up to $50,000 will be considered.

Eligibility and Requirements

  • Intellectual Property Protection: Projects must be disclosed via the Invention Disclosure Form and managed by OVPR’s Technology Commercialization team. The filing of IP protection (e.g. patent, copyright) is not required. Temple must have an ownership interest in the intellectual property.
  • Commercial Outcomes: The proposed project must demonstrate commercial potential with outcomes that can result in new startups, license/options to existing companies, and the attraction of external funding.
  • Match: While match is not required, projects with at least 1:1 match (external preferred) will be prioritized for funding.  External matches will require collaboration agreements with Temple.
  • Consulting Support: Projects may budget support for consultants or other external support required to seek SBIR/STTR or similar follow-on technology development funds.  Such support may include professional fees for regulatory guidance, commercialization and market research.
  • Project Period: The project period is limited to six months.
  • Budget: As an internal award, all project expenses must be direct expenses.  Temple’s indirect cost rate does not apply unless external funds are the source of match.  Faculty, staff and student salaries are not an allowable expense. 
  • Accelerator Participation: Application in a technology acceleration program is required, including NSF I-Corps, LifeX Accelerator.

Review and Approval Process

  • A Subcommittee of the Innovation Nest Advisory Board will serve as the review panel to determine the top proposals for consideration and recommendations for funding.
  • Recommendations will be reviewed and approved by the Vice President for Research
  • Awards will be granted and announced at an Innovation Flight Fund Award ceremony, briefly featuring each technology to promote awareness and encourage collaborative opportunities with the Temple research community and iNest incubator members.

Application Process

  • Requests for Proposals will be issued up to three times per year:  October 1st, March 1st and June 1st
  • Funding decisions are targeted to be made within 90 days after application deadline, though applications may require budget revisions based on reviewer feedback.
  • Applications must be submitted using InfoReady. The application link will be posted soon.

Project Management and Reporting

An Innovation Manager from the Technology Commercialization and Business Development office and Student Fellow from the Innovation Nest will be available to support project management and provide guidance during the project. Final reports by the PI are due 60 days following completion of the project.

FAQs

Can Fox Chase Cancer Center researchers apply?

FCCC can apply if Temple University is a joint owner in the intellectual property associated with the project.

If I receive an award, can I apply for additional funding?

No, this fund is intended to help advance a technology to a stage that attracts further funding or enables the university to achieve other commercialization milestones, such as IP protection (patent, copyrights, etc.) filing, licensing, or forming a business to further develop the technology.

How do I know what accelerator is right for me?

Temple’s Technology Commercialization and Business Development team will work with you to select the accelerator that is appropriate for each team based on the technology field, stage of development and other factors.

What if I need an extension to the Project Period?

Part of the proposal assessment will consider whether the proposed project can be achieved during the 6-month (max) project period.  The purpose of the fund is to achieve the proposed results during this period without extensions.  Limited no-cost extensions may be considered on a case-by-case basis.  Request should be submitted to .

Is completion of an invention disclosure required to submit a proposal?

If you previously disclosed the technology (to be developed under the proposal) to the Technology Commercialization and Business Development office, no additional action is necessary.  If you have not disclosed the technology included in your proposal, please complete a disclosure here and contact Niraj Muni at  if you need assistance.