UIC Proof of Concept Awards Program 2026

About

A funding program designed to accelerate the commercialization of innovative technologies developed at UIC, offering financial support and resources to faculty and researchers aiming to bridge the gap between research and market application. Selected projects can receive substantial funding and support to enhance their commercial viability and societal impact.

Benefits

• 💰Initial Funding
  Up to $50,000 in initial funding to advance proof-of-concept activities
• 💵Follow-on Funding
  Potential for additional funding up to $150,000 upon successful completion of project milestones
• 🤝Industry Partnerships
  Opportunities for industry partnerships, startup formation, and licensing
• 📈Investor Engagement
  Facilitation of connections with potential investors
• 🔬Support for Diverse Innovations
  Encouragement of projects in various fields including engineering, physical sciences, and emerging technologies

Eligibility Criteria

• Open to UIC faculty and researchers
• Must have a technology disclosure on file with the Office of Technology Management by July 30
• Proposals must focus on early-stage innovations with strong commercial potential
• Projects should address significant societal needs while creating commercial impact
• Technologies can include therapeutics, diagnostics, medical devices, digital health, and software

Participation Commitments

• Must discuss the project with an Office of Technology Management Technology Manager prior to submission
• Technology disclosure must be submitted by July 30 for consideration
• Must meet project milestones to be eligible for follow-on funding
• Proposals must demonstrate strong commercial potential and societal impact

Target Sector

Focused on technology commercialization and innovation

Target Location

Open to faculty and researchers at the University of Illinois Chicago