The N.XT Fund is now open and collecting applications for its second round of investments.

The $10 million innovation fund was provided by the University to support Northwestern’s early-stage innovations that are too advanced for federal funding but too early for private investment.

The goal of the fund is to de-risk assets owned by Northwestern and propel them to the next stage of commercial development.

To be considered for the second N.XT cycle, faculty and students are encouraged to apply between Oct. 1 and Dec. 1, 2016. If you applied to N.XT during the first N.XT cycle, your application is still on file; however, you are highly encouraged to resubmit your application with updated information.

Individual awards will range from $50,000 to $200,000 and will be used to achieve clear milestones within a year, which may include product validation, prototyping and market identification.

Source: Applications open for second round of N.XT Fund investments – Northwestern University News