InnOValley PoC 3rd Edition

The InnOValley Proof of Concept Fund is co-funded by the OeirasValley, FCG-IGC, and ITQB NOVA.

Scope

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.