Round 8 is now closed for submissions.
Round 8 Timeline
February 1: Letter of Intent deadline 5:00 PM EST
February 15: Invitation to submit full proposal if LOI meets criteria
March 8: Applications due
March 16: Invitations to present
March 26: Presentations to Project Management and Oversight Panel
April 3: Board of Directors final funding decision
February 15: Invitation to submit full proposal if LOI meets criteria
March 8: Applications due
March 16: Invitations to present
March 26: Presentations to Project Management and Oversight Panel
April 3: Board of Directors final funding decision
How to Apply
- Please review our funding criteria and proposal process prior to submitting your letter of intent
- Download and complete the LOI form
- Submit the LOI form using the link at the bottom of this page
All application materials, such as the letter of intent form, Powerpoint application template, scorecard, award checklist, and award guidelines, are available on our Downloads page.
Letter of Intent Guidelines
In a maximum of TWO pages excluding the contact information and signature page (10-12 point font) please address the following criteria:
In a maximum of TWO pages excluding the contact information and signature page (10-12 point font) please address the following criteria:
- Statement of the Problem and Unmet Need. Provide a brief summary of the problem the technology will address, and the health burden or public health need.
- Description and Nature of the Project. Provide a brief overview of the project plan including an analysis of its strengths as well as the gaps and requirements for progressing the idea.
- Scientific and Clinical Impact. Explain the novel insight, target, compound, biomarker, screen, assay, or technology and clearly outline the project's potential for translation and impact in life sciences.
- Intellectual Property. Provide a summary of existing or planned intellectual property associated with this project.
- Economic Impact for Virginia. Describe how this project will create a positive impact for Virginia through increased revenues, job creation, and/or follow on funding.
- Plan for Commercialization. Clearly articulate a plan for moving the project from idea into commercialization. Please also provide a description of your project’s regulatory approval status. Has your team had a pre-IND/IDE meeting with the FDA? If not, what are the plans for accomplishing this?
- Significant Collaboration. Describe the capabilities of each project team member to perform the project, and include their contact information.
- Matching Funds. List the source of the matching funds for the project. Proposals have a matching funding requirement, beginning at 1:1 and rising to up to a 6:1 for major projects.
