Virginia Catalyst Grant Round 11

Timeline for Grant Round 11

April 2020   Virginia Catalyst begins accepting Letters of Intent (LOI) for Grant Round 11 
June 30, 2020   5:00 PM EDT  Deadline to submit LOI for consideration in Grant Round 11
July 1, 2020  Invitation to submit a full application will be sent to Applicant Teams whose LOI meets funding criteria
August 18, 2020  5:00 PM EDT  Deadline to submit full application for Grant Round 11
September 10, 2020  Invitation to present proposal in person to our Project Management and Oversight Panel (PMOP) will be sent to the Top 8 Applicant Teams as determined by scoring and ranking of applications
September 24, 2020  Applicant Teams present their proposal for Grant Round 11 to PMOP
Week of October 1, 2020  Virginia Catalyst Board of Directors final funding decision for Grant Round 10
October 2020  Announcement of Grant Round 11 Awardees

How to Submit a Letter of Intent (LOI)

1. Review our Grant Funding Guidelines
2. Review our Funding Criteria
3. Download and complete the LOI Template
4. Submit the LOI​ by June 30, 2020 at 5:00 PM EDT

Submit LOI Template for Grant Round 11

Grant Round 11 Submission - PENDING

The Letter of Intent (LOI): What You Need to Know

A Letter of Intent (LOI) is required in advance of a full application submission. These will be reviewed by our Project Management and Oversight Panel (PMOP) to ensure that funding criteria are met. Those Applicant Teams whose LOI meets funding criteria will be invited to submit a full application.

LOI Guidelines
Address the following Funding Criteria:

• Market Need: Provide a brief summary of the unmet need and the size of the market in dollars and numbers of patients
• Proposed Solution: Provide a description of the product or service to be commercialized to meet the need
• Significant Collaboration: Describe the synergistic compliments of the team members and how they will work together and collaborate to achieve the goals of the project
• Economic Impact for Virginia. Describe how this project will create a positive economic impact for Virginia through increased revenues, profitability, job creation, and follow-on funding
• Matching Funds. List the source(s) of the matching funds (minimum of 1:1 matching fund requirement) ​

What happens after submission of a Letter of Intent (LOI)?

1. LOIs will be evaluated by our Project Management and Oversight Panel (PMOP) to determine if the funding criteria are met.
2. The proposals that meet funding criteria will be invited to submit a full application, which is then reviewed, scored, and ranked by our PMOP.
3. The top 8 ranked teams will be invited to present, in person, to our PMOP for final scoring and ranking
4. Using final scoring and ranking, our PMOP will make funding recommendations to our Board of Directors (BOD).
5. Our BOD makes all final funding decisions.  
6. ​Applicant Teams will be notified of the decisions of our BOD.
7. ​If awarded grant funding, a Grant Agreement contract between the Virginia Catalyst, Industry Partner, Prime University, and Partner University(ies), will be executed and subsequently, initial award disbursements will be made. ​

For More Information

CLICK HERE for a listing of previously awarded projects
CLICK HERE for the full press release announcing Virginia Catalyst's awarding of $2.7 Million in Grant Round 8 

Please direct questions to:
Suzänne Taylor, PhD, MBA
Vice President of Operations
staylor@virginiacatalyst.org