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New BoR Funding Program
By Admin (on 2/18/2011 @ 13:19:41, in Board of Regents, read 2053 times)

The Louisiana Board of Regents has announced a new funding program, Opportunities for Partnerships in Technology with Industry (OPT-IN).  Proposals are due April 18th.

The OPT-IN program is designed to support faculty in their efforts to collaborate with private sector industrial/business entities.  Two types of awards are offered:

Category I (Research Focus) Award

  • Provides funding for one year
  • Cash match from industry sponsor(s) is required
  • Single or multiple investigators are allowed;

Category II (Commercialization Focus) Award

  • Provides funding for one year
  • Funding is to be used for prototype development, which can result in the commercialization of a product, or formation of a spin-off company
  • Requires a letter of support from the PI’s Department Chair, Dean of the College, or Center Director that would reflect commitment of time and effort to achieve the goals of the proposed project
  • Single or multiple investigators are allowed

Financial Considerations

For Category I Awards, the minimum award is $10,000 and the maximum is $50,000.  LA-EPSCoR funds requested must include cash match provided by the industry/private sponsor(s) according to the following guidelines:

·         For industry/private sponsors based in, or having a presence in Louisiana (e.g., branch office, laboratory, or production facility), the minimum requirement is $1 in cash match for each $2.50 in LA-EPSCoR funds requested. 

·         For non-Louisiana industry/private sponsors, the minimum requirement is $1 in cash match for each $1 in LA-EPSCoR funds requested.

The table below illustrates the funding ratios.

 

Category I

LA-EPSCoR Award Amount

Louisiana Industrial Sponsor Cash Match required

Non-Louisiana Industrial Sponsor Cash Match required

Minimum award

$10,000

$4,000

$10,000

Maximum award

$50,000

$20,000

$50,000

For Category II awards, LA EPSCoR will award funds up to a maximum of $20,000. Cost sharing from industrial/private entities is encouraged, but not required.

Approximately $300,000 is available in FY2011 to fund the OPT-IN program. 

Award dollars for both categories may be used to support students, travel, and the purchase of scientific equipment and supplies.  Faculty and postdoctoral researcher salaries are not allowable expenses.  Any scientific equipment requested must have a strong justification included in the project description.

More details can be found on the Regents website at this link:

http://web.laregents.org/2011/01/26/new-rfp-opportunities-for-partnerships-in-technology-with-industry-opt-in/

This email has been distributed to all faculty/staff.

 

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