03/08/93
CONTACT: Stanford University News Service (650) 723-2558
STANFORD -- Eighty proposals have been submitted for the 1993 Office of Technology Licensing (OTL) Research Incentive Fund awards.
The proposals, totaling $2.2 million, come from all schools of the university except education and from several of the independent labs. A review committee of nine assistant professors will recommend to Dean of Research Charles Kruger which proposals should receive awards.
This year's budget for awards is about $500,000. Awards are expected to be announced during the first week of April.
Kruger said that the quality of this year's proposals was "excellent," with some very innovative and risky ideas presented.
"The review committee will have a most formidable role ahead as it prioritizes and recommends those proposals to be funded from among the many worthy ones presented," Kruger said.
"Unfortunately, only about one-fourth of the proposals can be supported by the program this year, given the total dollars requested compared to the total available for funding," he said.
The OTL Research Incentive Fund was established three years ago to fund one-year seed grants for pilot research projects.
Special priority is given to proposals that are innovative and/or interdisciplinary, as well as those submitted by junior faculty.
Criteria for funding include scientific merit, novelty, need of the principal investigator and likelihood of achieving the proposed objectives within the resources requested.
Funds for the program come from surpluses that exist between the 15 percent total royalty income earned each year by the university from technology licensing agreements, which is set aside to cover the operating costs of the Office of Technology Licensing, and the actual operating costs of OTL.
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