VCU Quest Innovation Funds Proposals due October 30

October 14, 2015

funding

The VCU Quest Innovation Fund (QIF) has recently been announced, and the internal grant program has undergone notable changes since applications were last solicited. Designed to foster the growth of Virginia Commonwealth University’s culture of innovation, creativity and entrepreneurship, the QIF now offers three funding pools that reflect important elements of our role in the regional economy and key components of Quest for Distinction.

Commercialization Fund 

This pool provides funding to advance research projects toward commercialization and is dedicated to advancing promising research projects developed at VCU. It’s important to note that most inventions developed at VCU are in the concept phase. Our goal is to identify technologies with commercial potential and support their development. Why? Helping to de-risk these technologies will help us attract other partners that can take the technologies to market, where they can benefit society as a whole.

Entrepreneurship Fund

This pool seeks to support and encourage entrepreneurial activity at VCU, including start-up grants, a paid pre-acceleration program and paid start-up internships. Developing students with this agile training is critical to fulfilling future workforce needs and further supports our economy by producing graduates who are job creators as opposed to job seekers.

Programmatic Fund

This pool supports innovative pilot initiatives at VCU that help us realize our strategic plan, Quest for Distinction. Traditionally, these “disruptively innovative ideas” have created a service, program or initiative that improves what we are doing in a creative and unique manner. Projects might include enhancements to the classroom or laboratory experience, efficiency improvements, novel uses of new technology, innovative programs and more.

2015 applications for all three areas are due on October 30. Inquiries about the Quest Innovation Fund should be directed to Nicole Colomb, Enterprise and economic development executive.

About Jessica Venable

Coordinator for Research Development Services, VCU Office of the Vice President for Research and Innovation

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