The Office of Commercialization has awarded six WSU researchers with the Commercialization Gap Fund (CGF). The CGF supports research projects with high market potential and provides researchers up to $50,000 to demonstrate that their innovations(s) have the ability to make an economic impact in society.
The CGF is intended to be the final funding step for near-market technologies. The funding has supported research in the areas of cleantech, engineering, human and animal health, agricultural and/or information technologies. Funds will be distributed using a milestone-driven process with stipulated goals reached before the next funding increment is approved.
“The Commercialization Gap Funding Awards help bridge the gap between lab innovations and their real-world application,” said Jeremy Tamsen, director of the Office of Commercialization. “This targeted funding aims to propel new inventions from the benchtop into the real world, allowing these WSU-created solutions to help overcome pressing challenges. Our investments in research and development fuel a cycle of innovation that benefits U.S. economies and society as a whole.”
