Virginia Catalyst Grant Round 11
Opening Soon!
Timeline for Grant Round 11
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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 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)
- Review our Grant Funding Guidelines
- Review our Funding Criteria
- Download and complete the LOI Template (PENDING)
- Submit the LOI by June 30, 2020 at 5:00 PM EDT
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:
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)?
- LOIs will be evaluated by our Project Management and Oversight Panel (PMOP) to determine if the funding criteria are met.
- The proposals that meet funding criteria will be invited to submit a full application, which is then reviewed, scored, and ranked by our PMOP.
- The top 8 ranked teams will be invited to present, in person, to our PMOP for final scoring and ranking
- Using final scoring and ranking, our PMOP will make funding recommendations to our Board of Directors (BOD).
- Our BOD makes all final funding decisions.
- Applicant Teams will be notified of the decisions of our BOD.
- 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
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
Suzänne Taylor, PhD, MBA
Vice President of Operations
staylor@virginiacatalyst.org
