This Week in Research
Home »August 7 - 13, 2023
2023 Syracuse CoE Innovation showcase & Summer BBQ
Join Syracuse University for networking with faculty, students and companies as well as delicious BBQ! This year's event will feature: SyracuseCoE faculty, lab, and project posters, EPIC Building prototype projects, SyracuseCoE Industry Collaboration project posters, Undergraduate Research Experience (REU) summer project posters, Product and lab demonstrations, and much more. Click here to RSVP
FuzeHub 2023 Commercialization Competition
FuzeHub has just announced their 2023 Commercialization Competition – possible opportunity for faculty founders
- Deadline to apply is August 9: https://fuzehub.com/commercialization-competition-2/
- Eligibility: Companies are required to have an existing tangible prototype (for the purposes of the Commercialization Competition, a tangible prototype is the physical representation of an idea or product presented as an early sample or test model that contains innovative hardware /manufacturable components).
- Applicants must be available to pitch in person October 16-17, 2023 in Saratoga Springs, NY.
- Applicants must propose to fund activities to improve upon an existing tangible prototype and/or improve upon their “go-to-market” strategy.
- Company must reside and operate in New York State from the time it submits the application until at least a twelve (12) consecutive month period following the award announcement, or project completion, whichever is longest. Winning companies that do not comply with the residency requirement shall be obligated to return all funds to FuzeHub to be reinvested in the Commercialization Competition.
- Company must be registered with Dun & Bradstreet, and have an eligible North American Industry Classification System (NAICS) code specific to manufacturing identified in their D&B profile.
- Company must be pre-revenue (less than $100,000 in revenue).
- While grants do not count as revenue, companies which have been awarded more than $500,000 in grants in the last 2 years are not eligible to apply. - There is also a SAFE requirement:
As a condition to receiving any award proceeds, competition winners will be required to enter into a Simple Agreement for Future Equity (SAFE) with FuzeHub. A template of the SAFE agreement is available here. Typically, the SAFE leads to equity ownership for the investor (in this case, FuzeHub), if and when it converts.
If you are not comfortable signing a SAFE, we encourage you to consult with legal counsel prior to applying for this grant. A recusal in signing the SAFE as is will lead to forfeiting any awards.
You may be familiar with America’s Seed Fund, also known as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program, which offers small business entrepreneurs in the life sciences more than $1.3 billion in non-dilutive funding. But did you know there have been changes to the program?
Attend this informational webinar on Tuesday, Aug. 8, at 1:00 p.m. ET to learn about these changes, which include increased minimum performance standards, pre-and-post-award foreign disclosure requirements, and changes to the peer review process. You’ll also learn about open funding opportunities, including the current Omnibus grant solicitations, and how to apply.
There will be a live Q&A session following the presentation. Click here to register.