TechAccelR Grants support McGill University Faculty of Engineering tenure-track professors by enabling them to accelerate their technology that is reported as an invention but needs further validation prior to commercialization. They are offered biannually (spring and fall) and can go up to $15,000 per invention/technology. For 2023, the budget will allow for up to 5 projects per round to be selected. Funding of the TechAccelR proposals is at the sole discretion of the McGill Engine team. We will look at the comparative merit of the application pool and the project criteria.
These short-term grants are designed to advance or enhance an invention/technology in order to improve the scope and value of McGill’s IP and enable researchers to obtain further funding for commercialization. Some examples: claims in future patent applications, new uses/applications of existing technologies, gathering additional data to further demonstrate proof of concept (e.g. increased robustness/reliability of AI/ML models), obtaining data to compare the technology to existing technologies to show its competitive advantages.
In addition to funding, teams are matched with a Ronald Chwang Entrepreneur-in-Residence to help advance their technology commercialization plan and provide industry connections.
The next application round deadline is October 1, 2023 at 11:59 PM ET, with a project start date of November 1, 2023.
The grants come out of the Faculty of Engineering Innovation Fund*, which is funded by charitable gifts from alumni and other community donors. *The Innovation Fund is not an investment fund. Donors are not investing in companies. Donations made by donors are charitable contributions, which may be tax deductible.
Program Objectives
- Validate early stage technologies
- Advance the invention's Technology Readiness Level
- Accelerate the technology’s commercialization and development plan - achieve product-market fit faster
- Further develop the research to strengthen eligibility for additional funding
- Research team works closely with the assigned business mentor, gaining from their experience, knowledge, and industry connections
TechAccelR Key Dates
| Date | Description |
|---|---|
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August 6, 2023 |
Call for applications |
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October 1, 2023 at 11:59 PM ET |
Deadline to submit an application |
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October 2-20, 2023 |
Applications are reviewed and evaluated |
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October 23, 2023 |
Applicants informed of review and evaluation outcomes. TechAccelR Grants awarded. |
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November 1, 2023 |
TechAccelR project begins |
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May 1, 2024 |
TechAccelR project ends (projects can last up to 6 months maximum, projects can be completed earlier) |
Application Details
Eligibility/Requirements
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Application: Late or incomplete applications will not be reviewed. You can send your draft application for review prior to the deadline to the Engine's associate director, katya.marc [at] mcgill.ca (subject: Draft%20Innovation%20Fellowship%20Application%20Review) or to one of the technological Entrepreneurs-in-Residence.
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Lead Applicant: Any McGill University Faculty of Engineering tenure-track professors working on a technologically-based invention with business or social impact potential. Cannot hold another Engine gap funding grant (WRSA, Innovation Fellowship) for the same invention at the same time as this project grant.
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Invention: The technology must be reported as an invention to McGill's Office of Innovation and Partnerships. Your Technology Transfer Manager’s assessment and commercialization plan will need to be included in this grant application. Only one grant per invention/technology is allowed.
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Project Timeline: Projects can last up to 6 months maximum, projects can be completed earlier.
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Project Expenses: Applicants must use the funds to advance the technology in accordance with their project technical milestones. The McGill Engine team can make recommendations for changes to the budget and uses of funds that are required for the acceptance and funding of the project. Once the grant is awarded, if your milestones and project expenses change significantly from what was in your project proposal (e.g. greater than 10% on any allowed budget item), you must discuss with your mentor and provide the revised milestone(s) and budget to Engine's Associate Director for approval.
- Eligible Expenses:
- Product and process development costs towards achieving technical milestones (e.g., materials, equipment, personnel).
- Non-Eligible Expenses:
- Costs related to non-technical milestones
- publication costs
- patent fees
- incorporation fees
- travel costs
- Costs related to non-technical milestones
- Eligible Expenses:
Evaluation Criteria
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Funding of the TechAccelR proposals is at the sole discretion of the McGill Engine team. We will look at the comparative merit of the application pool and the following project criteria:
Evaluation Section Percentage Allocated Description Problem Statement 20% What is the problem being solved? Does the proposed solution fill an unmet need? Are your target customers clearly outlined? Have you validated the problem with your target customers? Proposed Solution/Approach 30% Is this a novel, not obvious, and potentially disruptive technology? Has the competitive landscape been identified? Any customer/end user validation? Technology Development and Commercialization Plan 25% What is your project? What is the latest commercialization plan as developed in collaboration with your Technology Transfer Manager? Have the business challenges been identified? Is there a strong potential impact or market need?
What external/market validation is there that your technology development plan may attract and accelerate follow-on funding from other sources (e.g. other awards/grants, licensing, customers, investors)?
Project Budget by Milestones and Funding 20% Does the proposal clearly identify the key technology development milestones and deliverables? Are the planned expenditures appropriate and justified? Team and Collaborators 5% Who are the current team members? Has any additional talent needed throughout the project been identified?
How to Apply
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Application deadline is October 1, 2023 at 11:59 PM ET
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Applicants will need to attach the following documents in the application form.
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TechAccelR grants are available biannually (Spring and Fall).
Terms of the Award
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Timeline: Teams have up to 6 months maximum to complete their project milestones and deliverables. Unused funds will need to be returned.
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Award: The award will be dispersed into a new account under the PI. Once the grant is awarded, if your milestones and project expenses change significantly from what was in your project proposal (e.g. greater than 10% on any allowed budget item), you must discuss with your mentor and provide the revised milestone(s) and budget to Engine's Associate Director for approval.
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Reporting: Mid-term and final reports are due to the Engine's associate director and the team's assigned mentor showing the project’s current status, status of IP, commercialization and development plan progress/next steps, and the use of funds.
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Mentorship & Training: Meet with assigned business mentor on a regular basis throughout the program (minimum once per month). Attend Engine's entrepreneurial skills development workshops or other entrepreneurial training as suggested by mentor.
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Outreach Activities: Willingness to assist the McGill Engine in outreach activities pertaining to technological innovation and entrepreneurship.
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Promotion: Acknowledgement and promotion of the award and the McGill Engine in publications and communications arising from the project through your own networks and events.
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Giving back: The McGill Engine does not take equity in McGill spin-off companies. There is an expectation, but no requirement, that participating researchers will make a non-binding charitable pledge to McGill Engine aimed at sustaining the activities of the McGill Engine Centre and helping the next generation of technological innovators and entrepreneurs that the Centre supports. Funding is not conditional on a researcher signing a pledge.
