Kentucky Commercialization Fund RFP will be issued July 1 for university scientists

LEXINGTON, Ky. (June 7, 2011) —The Kentucky Science and Technology Corporation (KSTC) announces that a new Request for Proposals (RFP) under the Kentucky Commercialization Fund (KCF) Program will be issued on or after July 1, 2011. Funding will be available for an individual award size of $75,000 per annum to help commercialize the technologies developed through R&D at universities. The proposals targeting to conduct research and development will not be considered for funding.

The purpose of this advance notice is to alert potential applicants of the upcoming competitive funding opportunity through COMMFUND-11-RFP-012 (KCF-012), and to give potential applicants sufficient time to prepare to respond to the solicitation. A mandatory pre-proposal is to be submitted online within one week of the solicitation issuance date. Full proposal invitations will be made after face-to-face interviews with pre-proposal applicants. Face-to-face interviews will be scheduled soon after pre-proposal submission (8AM and 5PM in Lexington). Technologies with a high technical and business merit which may potentially be commercialized within a year may out-compete technologies that are not ready and may require longer commercialization period. The KCF funding under this solicitation shall not exceed 24 months. The definition of 'commercialization' for the purpose of this program means technology transfer from the awardee institution to an existing business or to a new spin-off company.

This round of funding, COMMFUND-11-RFP-012 (KCF-012) will be open ONLY to scientists and engineers from Kentucky universities, private colleges and other post-secondary institutions. Applicants from Kentucky comprehensive universities and independent colleges are encouraged.

Please feel free to share this advance solicitation announcement with others.

Application Instructions, Deadline and Submission Forms will be coming soon. Go to ksef.kstc.com for a copy of previous solicitation and for issuance of the new solicitation.