The Innovation Stimulus Program
The Technology Development Institute is designated as a U.S. Economic Development Administration University Center. As part of this designation, TDI has received grant funding through the CARES Act to provide support to innovators and manufacturers across the region which have been negatively impacted as a result of the COVID-19 pandemic.
In order to help offset the economic impact of the pandemic, TDI is offering an “Innovation Stimulus Program” which will utilize the EDA grant funding to provide no cost commercialization and engineering services to projects which will have a positive economic impact in the region. The program will offer up to $150,000 worth of services to help move projects, products, or ideas forward in the marketplace. The maximum amount of service awarded to any one project will be capped at $20,000. This program will be offered for a period of 12 months, or until such time all of the program funding has been allocated.
Examples of projects which could fit within the program would be:
- Conducting preliminary intellectual property research
- Customer and/or market research on new product ideas
- Creation of new websites or marketing materials such as brochures or technical product specification sheets
- Design, engineering or prototyping of new product ideas
- Creation of SolidWorks models or drawings of existing product lines or modification of existing product drawings to make improvements/upgrades
In order to apply for the grant assistance program, participants need to completed the following application and submit the requested information. Project applications will be reviewed at the end of each month and selected. All applications will remain in the pool of candidates until such time the project funding has been exhausted. At that time, any unawarded projects will be notified that the program has concluded and that the project was unable to be funded at this time.