virginia catalyst
  • Home
  • Grant Funding
    • Apply for Funding
    • History of Awards
    • Downloads
  • News
  • About
    • Our Team
    • Contact Us
    • Terms & Conditions
    • Privacy
  • Home
  • Grant Funding
    • Apply for Funding
    • History of Awards
    • Downloads
  • News
  • About
    • Our Team
    • Contact Us
    • Terms & Conditions
    • Privacy
901 E. Cary Street
Suite 900
Richmond, Virginia

(804) 545-5799

Funding Criteria

  • Clearly identify a large unmet need
  • Have a positive impact on human health and/or patient care
  • Delineate a competitive advantage and/or clinical utility
  • Have defined commercializtion pathway
  • Hold potential for high impact, near-term success in generating other sponsored research, creating spin-off companies, or otherwise creating new jobs in Virginia
  • Be focused around Virginia's core strength areas of bioinformatics, medical informatics, point of care diagnostics, or drug discovery and delivery
Market Need
  • This translational research project addresses a large unmet need and it can lead to significantly improving human health
  • Medical/Life science need (clinical)
  • Innovative/Breakthrough Technology
  • Competitive advantage over other approaches
  • Size of market
Level of Collaboration
  • This project encompasses substantive real collaboration between and among Virginia research universities and industry
  • There is a defined process to manage the collaboration including clear accountabilities, an internal communication plan and a methodology to declare and solve breakdowns
  • The collaboration has true synergies that will ensure creative debate, innovation, and the achievement of critical mass
Scientific Merit
  • Scientific and technical feasibility
  • Stage of technical development
  • Scientific and technical expertise/credibility
  • The project technology is superior to competing approaches
  • Scientific and product development milestones and timelines are clearly defined
  • There is adequate evidence that resources (financial and human) are adequate to achieve the timelines
Commercialization
  • There is a clear understanding of who is the targeted customer, what the unmet need is, the size of the market (patients) and what the pathway to commercialization is
  • The commercialization value proposition is clear, robust, and compelling
  • There is a clear collaborative pathway to transfer know-how and technology from inventors to the commercialization or industry partner
Intellectual Property
  • The intellectual property portfolio and patent strategy are adequate to provide barriers to entry and to obtain freedom to operate
  • The applicable technology transfer office of the universities are aligned with the goals of the project and the proposed licensing terms will not be a barrier to commercialization
Management and Leadership
  • The management and scientific team have the expertise and will allocate the necessary time to achieve the goals
  • If there is a gap in the management or scientific team, there is a milestone plant to recruit the talent needed
Follow On Funding and Economic Development
  • The project is well positioned to attract follow on funding for the next stage of development and ultimately funding for commercialization
  • Economic impact and job creation for Virginia
Home
Terms & Conditions
​Privacy
Picture
Contact Us
Mike Grisham, CEO
(804) 543-5200
[email protected]
  • Home
  • Grant Funding
    • Apply for Funding
    • History of Awards
    • Downloads
  • News
  • About
    • Our Team
    • Contact Us
    • Terms & Conditions
    • Privacy