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UNIVERSITY PARK, Pa. — The Penn State Commercialization GAP Funding Program is currently open and accepting applications from full-time faculty, staff, and researchers with promising ideas for new products and technologies. The GAP Fund provides funding and support to bring research closer to market. The application deadline is February 16th.
This opportunity helps the Penn State community receive the resources and guidance necessary for innovators to turn ideas into real products and solutions that benefit society. Whether it’s developing new medical devices, cutting-edge technology, or culture-changing works of art, the GAP Foundation helps make your vision a reality.
The GAP Fund is overseen by the Technology Administration and focuses on projects targeting unmet needs in the industry that have commercial potential and hope to attract investment interest within three years. thinking about. You can apply for grants of up to $75,000 per year, but additional funds may be issued in some cases. Matching these funds with other internal or external funding sources is a great way to maximize your research potential.
This program is more than just financial support. It helps connect principal investigators with a network of experienced mentors, advisors, and industry partners who can provide guidance and expertise throughout the commercialization process.
This comprehensive support system is extremely helpful in solving complex problems when bringing new technologies and products to market.
“Discoveries made within Pennsylvania have tremendous potential to improve lives and livelihoods. As groundbreaking research moves from the lab to the marketplace, it has ripple effects that impact society and the economy. “Commercializing research creates opportunities to apply knowledge to society,” said Andrew Reed, interim senior vice president for research at Penn State. It’s a tangible benefit that could help improve health care, foster environmental responsibility, and drive economic growth, not just for Pennsylvania’s ecosystem, but for the world as well. This is the power of innovation, and the GAP Fund could be the starting point to make it a reality. ”
For more information about the GAP Fund, visit the Penn State Research website. Please apply using this link. If you have any questions, please email GAPFund@psu.edu or call 814-865-6277.
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