The MedTech Venture Prototyping Fund is an intramural funding opportunity designed to encourage and promote the advancement of medical device, diagnostic, and digital health technologies owned by NYU that have the near-term potential for commercialization, through prototype development and evaluation. Projects that involve NYU technologies that have already been licensed to a commercial entity will not be considered.
Request for Proposals
Application deadline: July 26, 2024
Eligibility
Principal investigators with a primary appointment at NYU Grossman School of Medicine or NYU Long Island School of Medicine are eligible to apply.
Award Value
The target average budget proposal is $25,000 in direct costs, though applicants may request up to a maximum budget of $75,000, which may include costs for contracted third-party services. As an internal funding opportunity, there will be no indirect costs charged.
Informational Webinar
Watch the recording of our recent informational webinar to learn more about the MedTech Venture Prototyping Fund and how to apply. Note: The application deadline has been extended to July 26, 2024.
Application Process
Applicants should email a one-page preliminary proposal to MVPFund@nyulangone.org with the subject line “MedTech Venture Prototyping Fund Proposal.” You will receive confirmation of receipt by the end of the next business day.
A complete proposal comprises the following:
- Outline of the technology
- Commercial applications
- Development stage
- Proposed prototype development and evaluation
- Budget requested
If the technology has not already been disclosed to TOV, please complete an innovation disclosure form before applying.
Additional Details
Project plans may include salary support for new personnel and may include costs of external consultants or companies to supplement existing expertise. Where possible, it is recommended that proposals with larger budgets be presented in two or more phases that may be funded sequentially. TOV will be involved in selecting and managing any outside contracts. The proposed funding level will be evaluated relative to size, the market opportunity, and the ability of the funding to enable the achievement of a significant inflection point in the advancement of the technology.
TOV is willing to help develop and manage proposals with investigators who seek assistance, so feel free to reach out.
Contact
For questions about the MedTech Venture Prototyping Fund, please contact MVPFund@nyulangone.org