Trask Innovation Fund

Proposal submissions are due: 

  • 3rd Friday in February 

  • 4th Friday in September

The Purdue Research Foundation-managed Trask Innovation Fund (TIF) is a Purdue University development mechanism to assist faculty with work to further commercial potential of technologies disclosed to the Office of Technology Commercialization (OTC). Funds are awarded under the advisement of the TIF Advisory Council, which consists of representatives from the Purdue University Office of the Vice President for Research, Purdue Faculty, Purdue Research Foundation and local business community.

The Fund objective is to support short-term projects that will enhance commercial value of Purdue University intellectual property assets. Financial support is designed to provide an individual technology portfolio up to $50,000 for a period of six months.

The Fund does not support basic research. The Fund supports demonstrative commercial development work reducing an invention to practice, providing critical commercial relevant data or developing working prototypes. All projects must make the technology more commercially marketable. Any royalty income derived from a subsequent license to the TIF-supported technology shall first be used to repay funds, in full, granted under the Trask Innovation Fund.

Kurz Purdue Technology Center, 1281 Win Hentschel Blvd., West Lafayette, IN 47906, (765) 588-3470

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