Technology Accelerator Fund
Apply to be the next TAF MVP!
New this year to the Technology Accelerator Fund (TAF) is the Most Valuable Pitch (“MVP”) Competition. The competition is an opportunity for SUNY startups to compete for a TAF investment of up to $50,000 to support fulfillment of development and commercialization of new products and services that transform lives.
Using the TAF platform, the Most Valuable Pitch (“MVP”) Competition uses an accelerated approach to invest in SUNY-affiliated startup companies. TAF MVP is an opportunity for SUNY startups and entrepreneurial teams to compete in person for an investment of up to $50,000 to support fulfillment of development and commercialization milestones and enhance the startup’s probability of success.
The TAF MVP event will feature presentations from 5-10 exciting early-stage cleantech companies working in water, wind, and energy storage. TAF MVP presenters seek business guidance and opportunities for networking within the industry.
The Technology Accelerator Fund is looking to support SUNY early-stage cleantech companies. TAF MVP participants present their business plan and in return receive business guidance and key connections, including advice on access to capital, strategic partnerships, and professional services.
The 2019 TAF MVP Competition will be held on December 11 at University at Albany campus where TAF MVP finalists will deliver a seven-minute pitch and compete for one award of up to $50,000.
Who is eligible:
- Startups that are licensees (or soon to be licensees) of SUNY technology.
- Startups that are tenants or participants of one of SUNY’s business incubator or accelerator programs.
What do you win:
Up to $50,000 award
Where do you compete:
University at Albany in Albany, NY
When does it happen:
- Applications are due November 26, 2019
- Finalist pitches are December 11, 2019
How do you win:
Follow the guidelines and complete a 2-page proposal and quad chart.
All TAF MVP Proposal should be submitted to TAF@rfsuny.org no later than November 26, 2019.
Visit the event website for all the details.
The Technology Accelerator Fund (TAF) helps faculty inventors and scientists turn their research into market-ready technologies.
A significant obstacle to the development and transfer of university technology is the lack of funding for promising discoveries after government-sponsored support ends and before a licensee or venture-capital support is identified and secured. Funding at this stage is essential to bring to market technology that has potential implications for public benefit. The TAF program helps to bridge that gap for SUNY researchers.
Funded by the State University of New York, TAF targets critical research and development milestones - such as feasibility studies, prototyping and testing - which demonstrate that an idea or innovation has commercial potential. The goal is to increase their attractiveness to potential investors.
TAF funding is awarded through a competitive process. Factors considered for the awards include the availability of intellectual property protection, marketability, commercial potential, feasibility and breadth of impact. Read about previous TAF awardees.
TAF's success and overall ROI can be quantified by using the following metrics:
- Average Technology Readiness Level Advancement (average valuation increase to invested asset): +3
- Collateral revenue returns (other revenue to campuses, e.g., sponsored programs revenue for clinical testing, SBIR subcontracts, etc.): $5,990,946.12
- External investments in technology (commercialization investments from other sources, e.g., angel investors, SBIR primes, etc.): $9,341,646.00
- Commercialization revenue returns (royalty realized by campuses in cash and equity to date): $236,030.99
- Cash returns to TAF (10% of commercialization revenue returns reinvested in TAF program): $23,603.10
- Partnered Technologies Conversion Rate: 35%
Since the program launched in 2011, SUNY and the RF have invested over $2.8 million to successfully advance the commercial readiness of 50 SUNY innovations. The program has also catalyzed the investment of an additional $14.5 million from external partners, including federal agencies, industry licensees and angel investors.
For more information about TAF: firstname.lastname@example.org