Funding Available to SUNY Campuses to Support Innovation
Albany – The State University of New York and The Research Foundation for The State University of New York (RF) today announced the creation of the SUNY Entrepreneur-In-Residence Program (EIR), which will support campuses and SUNY Innovation Hubs in securing the time and skills of proven, private-sector entrepreneurs who bring startup experience and expertise that drive discoveries in SUNY’s research portfolio.
“This year, we will pilot an Entrepreneur-in-Residence program to help identify the milestones necessary to move a discovery-based idea to market,” said Chancellor Zimpher. “This program supports New York’s innovation capabilities and competitive future, and will ensure that startup companies are well-positioned to attract the outside capital and managerial talent that allows them to thrive locally.”
“Educating faculty and student inventors, making sound licensing determinations, and increasing the opportunities for success for SUNY spin-off ventures are the outcomes we seek through this program,” said Dr. Timothy Killeen, president of the RF and SUNY vice chancellor for research. “We are actively building a more durable innovation ecosystem throughout SUNY and across New York.”
An initiative that meets SUNY’s strategic planning goal of fostering entrepreneurialism in New York, the EIR program also builds on well-established national precedent at public universities and capitalizes on SUNY’s scope, scale, and diversity to increase research commercialization. The program will focus on SUNY’s strengths in key research areas and will work in concert with other programs within the system, such as the Technology Acceleration Fund (TAF).
Individual SUNY campuses and groups of SUNY campuses can apply for awards of up to $25,000 to support the cost of an EIR program at a campus or in a region. The deadline for funding applications is February 15, 2013.
More information on the program, including application materials and administrative guidelines, is available online.
About The Research Foundation for The State University of New York
The RF was founded in 1951 to serve SUNY and to capitalize on its scope, scale and diversity as an engine of New York’s innovation economy. The largest, most comprehensive university-connected research foundation in the country, the RF supports nearly $1 billion in SUNY research activity annually, providing sponsored programs administration and innovation support services to SUNY faculty performing research in life sciences and medicine; engineering and nanotechnology; physical sciences and energy; social sciences, and computer and information sciences. To learn more about the RF visit www.rfsuny.org and connect with the RF on Facebook.
About the State University of New York
The State University of New York is the largest comprehensive university system in the United States, educating approximately 468,000 students in more than 7,500 degree and certificate programs, and nearly 2 million in workforce and professional development programs, on 64 campuses. There are nearly 3 million SUNY alumni worldwide. To learn more about how SUNY creates opportunity, visit www.suny.edu.