The University of Chicago Innovation Fund invests in early business development and proof-of-concept work for projects / ventures created by faculty, students, and staff. The Innovation Fund awards grants and invests in promising technologies and start-ups with high potential for societal and commercial impact, helping them to bridge the gap between basic research funding and commercial investment. The University of Chicago has committed to expanding the Fund to $20 million.
In past cycles, the Innovation Fund has awarded funds ranging from $20,000 to $150,000. However, the committee considers any requests with a convincing case that funds will enable the team to reach a critical milestone, paving the way for commercialization, market validation, or external funding.
The Innovation Fund will be hosting an information session at Fermilab National Accelerator Laboratory on Wednesday, March 2, in IARC, The Enterprise Room, at 3 p.m. Please RSVP by completing the following form: Innovation Fund Information Session RSVP.
The deadline to apply for the Spring Cohort is Wednesday, March 9. Attached, please find a one page overview of the Innovation Fund, and you may apply online starting Monday, February 8, at the Innovation Fund Application Website. Please contact Wolfgang Connell – Assistant Director, Programming, Chicago Innovation Exchange, firstname.lastname@example.org or sign up for an IF Application Q&A meeting (2/3 – 3/4) with the Director of the Fund.
Read more in this information sheet.