Industrial Liaison Funding Programs
NYU’s Industrial Liaison is dedicated to helping scientists and inventors make the most of their ideas. We offer funding opportunities to help faculty and students further develop technologies and help connect them with other institutions offering monetary support.
Technology Acceleration and Commercialization Awards
As part of NYU’s commitment to research excellence, technology transfer, and entrepreneurship, we established the Technology Acceleration and Commercialization Awards to encourage and promote the development of research projects and technologies that have the near-term potential for commercialization through startup creation or licensing.
We invite applicants from NYU, NYU Langone Health, NYU College of Dentistry, and NYU Tandon School of Engineering to submit projects for funding consideration. Applicants may request up to a maximum budget of $50,000 in direct costs. Funding is ordinarily for one year and is non-renewable. Successful applications should relate to technology for which intellectual property has been obtained or will be sought by NYU, and should seek to advance the commercial development of the technology through prototype development, proof-of-concept studies, and other avenues.
A similar program has existed at NYU Grossman School of Medicine for a number of years. It has generated a return of approximately 12 to 1 in terms of royalties and industry research support from the subsequent commercialization of technologies supported by the fund, while developing products to benefit patients.
We will post details about the next round of funding when it is announced.
Small Business Innovation Research Grants
The Small Business Innovation Research (SBIR) program is sponsored by 11 federal agencies, including the National Institutes of Health, the National Science Foundation, and the Department of Defense. These organizations are obligated to contribute 2.5 percent of their annual research and development budgets to fund entrepreneurs and small businesses performing research. This means that about $2.5 billion per year in grants, with no obligation to repay and no dilution of equity, is available to fund small businesses under this program.
SBIR funds can be used for just about any industry, including life sciences, physical sciences, information technology, or education technology. A sister program known as Small Business Technology Transfer (STTR) allows for research and development to be performed in partnership with a university or non-profit research institution. To stay up to date on opportunities, see SBIR/STTR funding announcements that relate to your field.
SBIR/STTR grants may exceed $1 million, and are typically provided over two distinct phases:
- Phase I awards typically provide about $150,000 for feasibility studies and proof-of-concept experimentation.
- If Phase I proves successful, the company may be invited to apply for a Phase II award providing upwards of $1 million over multiple years. Phase II expands upon the initial Phase I results and further develops the concept, usually to the prototype stage. Only Phase I awardees are eligible to participate in Phase II.
The NYC Economic Development Corporation (NYCEDC) and other organizations host workshops that cover all aspects of SBIR and STTR proposal preparation.