"Gap Funding" is a term applied to a pool of resources within the University for funding the early commercialization activities of technologies with a strong commercial potential. Gap Funding is intended to provide commercial validation for technologies or projects beyond the point where traditional research funding is available or appropriate.
Projects which are appropriate for Gap Funding typically have progressed on a commercial path beyond the point where traditional research funding sources are appropriate but have not yet reached the point where they are fully commercially viable. An example would be where feasibility has been demonstrated by an academic prototype but funding is required to develop a commercial grade prototype.
How Much Money is Available?
Potential funding amounts vary from thousands of dollars to several hundred thousand depending on the project and funding sources.
Deadlines for Gap Funding programs occur throughout the year and vary depending on the individual program.
How to Apply
Contact your Tech Transfer specialist to discuss the suitability of a particular project for the different Gap Funding opportunities.
The Michigan Initiative for Innovation & Entrepreneurship (MIIE) is a state (MEDC) funded program providing a match for "gap" funds from the University to address market validation issues, such as prototype concept testing and market analysis. Funds awarded range from $5K to $100K. MIIE applications must come from the Tech Transfer office and require the university to match the requested funds. See your Tech Transfer specialist for details.
Printed from: http://www.techtransfer.umich.edu/resources/venturecenter/gapfunding.php