Summary

Provides financial and technical assistance to encourage high technology prototype and concept development.

Demonstration Fund

The Demonstration Fund is designed to assist companies with market-ready innovative technologies or products that have a clear potential for commercial viability.

  • Assists companies with marketing and business development activities

  • Helps businesses with high-growth potential reach a position to attract follow-on private sector funding

  • Awards up to $100,000

  • Funds are primarily in loans or royalty arrangements with a 1:1 (private:public) match

  • Funds can be used for:

    • Acquiring management/marketing personnel or expertise

    • Purchasing equipment

    • Developing and executing marketing and distribution strategy

    • Creating marketing materials

    • Developing/expanding lead compounds (bioscience - pharmacology)

    • Business model validation and refinement

    • Market feedback on technology and recommended enhancements