The InnOValley Proof of Concept Fund is co-funded by the OeirasValley, FCG-IGC, and ITQB NOVA.
The goal of InnOValley PoC is to identify and fund projects in a translational stage that have shown promising and exciting results with innovation potential and need further validation/proof of concept in any of the scientific fields of IGC and ITQB NOVA. All proposals should have a clear translational focus.
IOV PoC aims to help IGC and ITQB NOVA projects move forward in the translational pathway to stages where the data package is robust enough to fill for Intellectual Property (IP) Protection and/or be engaged in activities with industry and/or investors. The PoC is not intended to fund the creation of spin-off companies per se.
The scheme typically supports projects in line with the Technology Readiness Levels (TRL) 2-4
The total budget for the 2023 call is €200k. Awards are typically in the range of €40-50k directly incurred costs for up to 12 months. Projects seeking lower amounts could be considered. Each Institution will be awarded in proportion to the number of applications. The InnOValley PoC aligns with the United Nations 2030 Agenda for Sustainable Development, namely SDSs 2, 3, 9, and 15.
IOV PoC provides funding for projects that
IOV PoC shall NOT provide funding for projects
Note: If your project had prior funding by any other source, i.e. industry sponsorship, an investment partner, or research grant support please confirm with Innovation Unit that you are eligible.
In addition to eligibility and selection criteria, a detailed plan is crucial for securing funding. This plan should encompass:
Funding will be provided in two tranches.
Therefore, each project must define at least one mid-term milestone, as specified in section 5.2 of the application form.
6. If your project involves using biological materials, such as animal work, human data, human samples, or pluripotent cell lines, you must submit a PDF copy of valid ethical approval as part of your project submission. If you haven't obtained approval yet, you should:
7. Please email the completed and signed application forms, including the budget and Gantt chart, along with any optional one-page supporting data, as a single PDF file to InnOValley at the following email addresses:
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