Innovation Funding to Commercialize Ideas
The LaunchPad is still accepting applications to a new Syracuse University Libraries Innovation Fund. Funding is available to graduate and undergraduate students, with applications accepted on an open rolling basis based on funding availability. Merit/milestone-based grants of up to $2,500 per award may be awarded per application, with deliverables due within six months of the award. Applications from student startups should focus on a specifically defined need over a clear timeframe, with identified outcomes that will help move a startup idea closer to proof of concept.
Permitted uses of funds are for tangible needs related to the development of a product, service or technology, regulatory or compliance consulting, prototyping costs (including purchase of materials and fabrication), professional (legal and accounting) services related to incorporation, direct costs associated with IP protection, legal costs for specialized contract work, third party testing and certification, or other costs deemed critical per the review committee comprised of members of Syracuse University’s innovation ecosystem.
Costs such as marketing, sales, business development, advertising, travel or ongoing costs such as website hosting and cloud services are not eligible. The fund does not support salaries for team members.
Students or teams may apply multiple times for evolving needs, but no individual student or team may receive more than $5,000 through the program. Awards are limited to one per team per semester. The team leader must be a full-time student, undergraduate, or graduate level, who is currently enrolled in and pursuing a degree program at Syracuse University. Students may be a member of only one team.
Applicants must complete an application form and submit a one-page business executive summary. The application and grant distribution process are being managed by the LaunchPad at SU Libraries. The Innovation Fund is open to LaunchPad members. For more information and application materials, please e-mail: LaunchPad@syr.edu