Pittsburgh’s Technology Commercialization Initiative has announced a plan to provide local companies with up to $100,000 in funding to help with prototyping and other engineering requirements that will lead to technology commercialization in the fields of advanced electronics and robotics. The funds are part of an $800,000 program that will cover short-term (12-month maximum) activities for companies who can demonstrate a clear path to commercialization of new technologies.
The TCI is a program of Innovation Works, which provides seed funding and business expertise to early-stage companies in Southwestern Pennsylvania.
To submit a proposal, interested companies must respond to a Request for Proposal and provide initial due diligence information no later than August 3, 2012. The RFP must include a clear and concise commercialization plan, along with letters of support from current and/or prospective customers. Applicants will receive feedback and an opportunity to provide final proposals no later than September 7, 2012. The TCI plans to announce the selected projects by November 1, 2012.