Innovation Internal Grant Funding
History of Success. UofL has made significant advances in translational research based on prestigious programs such as the Coulter Translational Partnership and the NIH REACH award (UofL ExCITE) which have funded more than 30 projects resulting in $4,675,000 in external grant funding and eight startup companies that have raised more than $2,591,000 in private equity investment, with additional investments pending.
Program. The goal of this program is to support collaborative, multi-disciplinary research that addresses unmet clinical needs, improvements in healthcare and the introduction of commercial products. Examples of desirable outcomes include inventions, patents, improved diagnosis and treatment of disease, commercial products, licenses, partnerships and start-up companies.
Criteria. The funding is available to faculty and staff at the University of Louisville. Each proposal must have a team of multi-disciplinary co-investigators, including at least one clinical investigator as PI or Co-PI. The research must relate directly to applications in health care, and the objectives of the project should include an outcome that will benefit patients or reduce healthcare costs. Evaluation of each proposal will be made on the basis of scientific merit, potential health care impact and significance, experience of the investigators, the potential for commercialization, and the likelihood of successfully obtaining follow-on funding. To be eligible for funding, the technology must be disclosed to the Office of Technology Transfer.
Awards. Grants will be for a one-year period, and may be submitted for renewal upon successful achievement of milestones. Any renewal applications will be evaluated on a competitive basis with new applications. Grant budgets are approximately $100,000 (direct cost only) for one-year. There is potential for seed funding for early stage projects to allow demonstration of proof of concept. The budget and duration of these awards will be determined based on specific milestones.