The VPRI Innovation Fund provides grants of $25,000 to $75,000 to qualifying UO faculty and staff members to cover the direct costs of “translational” research projects. Translational research involves transforming fundamental research or early stage innovations into more commercially viable products and services or even a new business.
Successful translational research efforts can give rise to companies such as NemaMetrix, a UO spinoff that grew out of research in the laboratory of Shawn Lockery, a professor in the Department of Biology.
Prof. Lockery was one of the first recipients of translational research funding from the Office of the Vice President for Research and Innovation. NemaMetrix’s ScreenChip System is based on Prof. Lockery’s original “worm chip” device and can be used for screening drugs and developing new disease therapeutics.
Applications for the VPRI Innovation Fund Program are open on a rolling basis to all faculty researchers with a disclosed innovation. The first step in the application process is to share the basic details of your innovation with Innovation Partnership Services (IPS). You can do this by proposing to work on a previously disclosed innovation to IPS or by disclosing a new innovation online via our Innovation Portal.
The VPRI Innovation Fund Program is supported by funds from IPS, along with donations from the Office of the Vice President for Research and Innovation and funds from the UO’s University Venture Development II Fund.