Foundation / Corporation
Life Sciences Discovery Fund
03/04/15 5:00 PM
Large matching grants to Washington for-profit and non-profit organizations that are seeking financial assistance to support life sciences research and development and/or commercialization-related programs and projects. The next pre-proposal submission deadline is January 7, 2015.
The goals of these grants are to improve human health and health care, stimulate economic activity, create and retain jobs, and promote life sciences competitiveness in Washington.
The expected outcome of a Matching Grant depends on the applicant organization:
- If the applicant is a non-profit entity: to markedly enhance the probability that promising new technologies and concepts will be transitioned from the university and non-profit environments and be developed into products.
- If the applicant is a for-profit entity: to help position early-stage Washington life sciences companies with commercially promising health-related technologies for their first significant round of equity investment funding.
These grants support research and development programs and projects focused on demonstrating proof of principle or constructing prototypes. For the purposes of these grants, programs and projects are defined below.
A Program is a new research or research infrastructure initiative that accelerates commercialization within a field of study or enhances the life sciences commercialization ecosystem. Programs generally position organizations for future competitiveness and leadership and are designed to be sustainable and enduring.
Program applications may request support for a variety of activities with a clear tie to commercialization of new technologies in health and health care, including, but not limited to:
- Establishing new centers for research that feature commercialization; creating new multi-institutional consortia;
- Creating an enabling translational research resource for Washington investigators (such a resource must have the power to catalyze numerous research efforts and their commercialization, readily serve a significant number of intrastate users, and have broad applicability);
- Acquiring major equipment to accelerate commercialization;
- Training the state’s scientific workforce, particularly in emerging industries; and
- Establishing research infrastructure to support commercialization of multiple technologies over a sustained period of time.
Although the work that is appropriate for a Project is broadly similar to that which could be proposed to the Proof of Concept competition, a Project application is different from a Proof of Concept application because:
• The amount of money available through a Proof of Concept award is insufficient in itself to sufficiently advance the Project towards commercially meaningful milestones,
• The Project is supported by partners who commit to jointly fund a project, because it meets shared goals, and
• The Project is likely to attract larger-scale investment funding because of the body of work that will occur.
The required discussion with LSDF staff will determine whether the proposed work is better suited for a Proof of Concept or a Project Matching grant.
GrantWatch ID#: 148758
Applicants may propose the grant term appropriate to the work proposed, although grants should not exceed two years.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Life Sciences Discovery Fund
Phone: 206-456-9581 or 206-456-9577
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