UVMVentures' two grant programs provide hard-to-get financial support for early-stage development. They are designed to accelerate innovation, increase the potential for investment by traditional venture capital funds, and enhance the prospect of success of start-ups and licensing.
The Pre-Seed Capital Fund assists UVM innovators with prototypes or preliminary commercial feasibility studies to improve the probability of attracting additional funding and market interest. The Innovations Fund assists university innovators with validation of prototypes and other proof-of-principle work, increasing the readiness and potential of innovations for the next stages of investment and commercialization.
Sponsored Project Administration (SPA) provides administrative support to faculty in their pursuit of funding for research and scholarly activity while ensuring compliance with federal, university and private sponsor regulations, terms and conditions.
Government regulations, funding sources, and methods by which proposals are submitted are all undergoing rapid change. SPA operates in a dynamic environment and serves as the coordination point for all university grant proposals and research protocols.
SPA's pre-award services staff help to identify funding sources, assist in the preparation of proposal budget details, facilitate the administrative review and approval process, and review and negotiate contracts and agreements.