The Utah Legislature is currently evaluating all commercialization and technology development programs and will have a new program in place shortly. All future solicitations are on hold until further notice. Please contact Clark Cahoon at email@example.com with any questions.
The Technology Commercialization and Innovation Program, administered by the Governor’s Office of Economic Development, provides competitive grants to small businesses and university teams to accelerate the commercialization of their innovative technologies. This program helps companies secure non-dilutive funding at critical points in their funding and commercialization lifecycles, resulting in long-term success and economic development in the state.
We do not offer tax advice regarding the grant but we do report to the IRS regarding money being distributed as a grant to your company.
Potential first time TCIP grant recipients can request up to $100,000 and companies who have received TCIP grants in the past can request up to $200,000. Keep in mind you need to justify how you’ll be spending the funding to commercialize your technology and have it tied specifically to your milestones and within the spending specifications found in the Policies & Procedures document on our website.
Yes, in the section of the application under funding request you can request more and make a petition for an amount other than $100,000. You still need to tie that funding request to milestones and make your case. Our review committee will take it into consideration based on the fact the two programs work harmoniously to see technologies advance and commercialize.
If you don’t have and EIN setup for your company you cannot submit an application. However if you’re spinning out a new technology into its own company from another entity you may use that other entity’s EIN number as long as you have a new EIN by the time you would enter into contract with our office if you’ve been chosen for funding. The same goes with having a Utah Business License Number. We recommend starting the process and securing your EIN or Utah Business License Number as soon as possible.
Yes you can submit an application if your business is a registered L3C in the State of Utah.
General TRLs: Technology Readiness Levels (TRL)* are a method of estimating technology maturity of critical technology elements of a program during the acquisition process. TRLs are based on a scale from 1 to 9 with 9 being the most mature technology. The TRLs enables consistent, uniform discussions of technical maturity across different types of technologies. Decision authorities will consider the recommended TRLs when assessing a program risk. *as defined by the Department of Defense
Life Science TRLs: Technology Readiness Levels (TRL)* provide a metric that may help to describe the progression of a technology in its development. Several groups have adopted the TRL system for use regarding life science technologies, including the Department of Health and Human Services. TRLs are based on a scale from 1 to 9 with 9 being the most mature technology. The TRLs enables consistent, uniform discussions of technical maturity across different types of technologies. The TRL format was originally developed by NASA and the Department of Defense. *adapted from the National Institutes of Health (NIH)
Other resources around the State of Utah can assist teams helping to take technologies to market. The Federal SBIR and STTR programs are designed to support small businesses in meeting the needs of Federal agencies and, in the case of the STTR program, to transition technologies from university to industry. GOED Small Business Innovation Research (SBIR) Information & Resources The state’s USTAR program has created a center to assist Utah small business is successfully obtaining SBIR and STTR contracts. If you are interested in licensing a technology from one of Utah’s Colleges or Universites, here are links to the web pages of some of the offices which handle University Technology Commercialization/Transfer Offices:
Entrepreneurial Resources to Assist Startups:
TCIP Mentor and Entrepreneur Training Program: GOED has contracted with Boom Startup to provide mentorship and training to recipients of TCIP grants. Boom Startup also provides GOED with monthly, quarterly and annual reports on the progress of TCIP grant recipients.