Sponsor
OCE
Program
Medical Sciences Proof-of-Principle (MSc PoP)
For More Information
Please visit OCE’s website.
Description
The Medical Sciences Proof-of-Principle (MSc PoP) program helps commercialize promising life sciences and medical technology intellectual property (IP) developed at Ontario publicly funded academic research institutions (universities, colleges, and research hospitals). The goal is to deliver substantial and sustainable economic benefits to Ontario (e.g. jobs, sales) through newly created Ontario-based companies founded on this IP, or by licensing the IP to an existing Ontario-based company for incremental growth opportunities.
Program Objectives
- Provide proof-of-principle funding that is aimed at stimulating the commercialization of life sciences and medical technology research by bridging the development gap to help attract investment and development partners from industry and the venture community; and
- Build institutional commercialization capacity and expertise in the life sciences and medical technologies field.
Eligibility
Ontario academic institutions and start-ups based on academic IP are eligible applicants.
Maximum Project Value
Up to $70,000 towards direct eligible costs.
Indirect Costs
0%
Project Duration
It is anticipated that projects will take up to 12 months to complete.
Special Notes
Applicants must have matching cash equal in amount to 100% of the total requested investment at the time of application. The matching cash must be new, directly related to the project and come from an industry partner.
Applicants can receive only one award of the lifetime of the project.
Deadlines
If College-level review is required, your College will communicate its earlier internal deadlines.
| Type | Date | Notes |
|---|---|---|
External Deadline | *NOTE: Applications are being accepted anytime between May 21, 2015 and July 30, 2015. |
How to Apply
Applications should be prepared by the Applicant(s) and Partner(s). Upon request, an OCE Business Development Manager will be made available to work with the Applicant(s) and Partner(s) throughout the application process and will maintain responsibility for the oversight of approved projects.
The University works closely with OCE Business Development Managers Dr. Julie Lukkarila and Tim Gibbons. If you are interested in applying, please reach out to them directly as your first point of contact.
Applications will be submitted online via the OCE online submission portal. Please consult the OCE website for full submission details.