The Early Stage Commercialization Fund (ESCF) of Invest Nova Scotia enables the commercialization of university, college, and university-affiliated research in Nova Scotia. It promotes and accelerates technology transfer activities in Nova Scotia post-secondary institutions and it provides the opportunity to assess the commercial potential of intellectual property. The ESCF also narrows the gap that exists at the beginning of the commercialization process and enables projects to move closer to industry collaboration or a spin-out opportunity.
This chance is for you if you’re a researcher working on developing a marketable technology in the fields of computer technology, biological sciences, clean technology, ocean technology, or another one. Per project, financing of up to $50,000 is offered.
The goal of the ESCF is to assist initiatives that show preparedness to advance technology that has reached or is nearly at the prototype/proof-of-concept level, is becoming ready for market, and has the potential to draw industry partners and/or funding. Additionally, it must be clear that a new revenue source may be created.
The goal of Invest Nova Scotia is to identify and develop technologies that have the potential to attract venture capital funding. We accept ESCF candidates who might think about licensing their technology, but we give precedence to initiatives having the potential to launch a venture-grade spin-out firm.
Faculty members at universities and colleges in Nova Scotia, as well as employees and medical professionals working in hospitals connected to universities, may apply. Graduate students’ and post-doctoral researchers’ applications are taken into consideration if a faculty member also applies.
ESCF proposals for the winter cycle are now being accepted by Invest Nova Scotia. The submission window closes on February 13, 2023 at 11:59pm AST.
The table and project description sections of our Microsoft Word PROPOSAL FORM must be filled out by applicants, and they must also sign the application authorization. Submissions must be made online by filling out the webform and attaching the proposal form, the lead investigator(s) CV, and any evidence of prior research commercialization experience.
Interested to apply for a grant? More information about this story at Early Stage Commercialization Fund | Invest Nova Scotia
Photo by Artem Podrez: https://www.pexels.com/photo/photo-of-woman-looking-through-camera-5726794/