Funding for entrepreneurial efforts: A bright IDEA

OHSU Technology Transfer and OHSU Collaborations and Entrepreneurship have funding to support proof-of-concept technology, startups and educational programs thanks to a new endowment, the IDEA Fund.

The Fund was created by a generous $1 million donation from an anonymous donor to OHSU.

What will the Fund support?

The IDEA Fund will provide three main types of support: startup, proof-of-concept, and educational.

Startup funding is open to researchers who are part of an OHSU-associated startup. These startups can apply for a total of up to $30,000 in funding; up to $15,000 in seed funding for new startups and up to $15,000 in SBIR or STTR grant matching support. Funds are intended to be used by startups for technology research and development, intellectual property protection, regulatory assistance and more.

Proof-of-concept support will provide funding for BIP projects; for example, the recent BIP COVID-19 Rapid Response opportunity was funded through the IDEA Fund. This funding will also aim to provide follow-on funding for BIP projects and expand support of existing technology development programs.

Educational support will go to existing programs that encourage innovation and commercialization at OHSU, such as the programs under OHSU Collaborations and Entrepreneurship. Ideas for similar programs could also potentially be supported.

There is no specified minimum or maximum funding amount for proof-or-concept and educational awards, but awards will be commensurate with project scope and the amount of available funds.

How do I express my interest?

Only those interested in startup support have an application process they must follow. To apply, submit the application form and all required materials to oce@ohsu.edu. There are no deadlines for submission.

Researchers interested in proof-of-concept or educational support must contact the Technology Transfer and Collaborations and Entrepreneurship offices directly. If you want to be considered for funding, contact Andrew Watson, senior director of Technology Transfer, and Aditi Martin, senior director of Collaborations and Entrepreneurship, with your idea.