UIC Innovation Fund
The UIC Innovation Fund supports the commercialization of technologies developed by faculty, staff and students at UIC. The fund supports programs that help UIC technologies reach important milestones that are critical to commercialization. The fund is managed in partnership with the Office of Technology Management.
The new UIC Innovation Fund will combine oversight of the Chancellor's Translational Research Initiative (CTRI) and the Proof of Concept (POC) Award Program. To date, CTRI and POC have awarded over $5 million in funding to advance UIC innovations. The funding programs supported by the UIC Innovation Fund are a critical component of UIC’s innovation pipeline and have been instrumental in helping researchers prove the viability of their ideas and commercialize new technologies.
Chancellor's Translational Research Initiative
Chancellor’s Translational Research Initiative (CTRI) funding is available to UIC researchers to support projects with high commercialization potential. The CTRI program provides up to $25,000 per project to help prepare early-stage technologies for future funding opportunities like the POC Awards Program or licensing and startup opportunities.
Proof-of-Concept Award Program
The Proof-of-Concept (POC) Awards Program bridges the funding gap between basic scientific research and its entry into the marketplace as a sustainable technology. The program provides UIC researchers up to $200,000 per project over two phases to demonstrate proof-of-concept and commercial feasibility of their technologies.