Proof of Concept grants are intended to enhance the commercial viability of health-related technologies or concepts developed by non-profit organizations or enhance the competitiveness of early-stage companies for private equity investment. The maximum award is $250,000 in total costs.
Submission and review process:
- Three cycles of pre-proposal review, proposal review, and awards by the LSDF Board of Trustees through August 2014. Up to 32 pre-proposals will be reviewed per cycle.
- Pre-proposals are reviewed every four months and require a presentation and interview.
- Invited proposals are due one month after pre-proposal reviews and reviewed the following month. Proposal reviews require a presentation and interview.
- Awards are made one month after proposal reviews.
- If a pre-proposal results in an invitation to submit a proposal, that invitation is valid only for the proposal deadline immediately following the pre-proposal review.