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 in fall 2022.