Proposals Now Being Accepted for WTC Research Grants
Washington businesses working on cutting-edge new technologies can apply for a grant from the Washington Technology Center to move their R&D forward. WTC awards hundreds of thousands of dollars to Washington-based research teams in an effort to help transition great ideas out of the laboratory and into the marketplace.
WTC allocates $1 million annually to this program, which awards grants on a competitive basis to collaborative research teams working on innovative technology projects with near-term commercial viability. This funding can pay up to 80 percent of the cost of research projects—allowing companies to channel their capital to other business growth needs. Project teams are eligible to receive up to $100,000 for initial proof-of-concept projects and up to $300,000 total for multi-phase projects.
RTD grants are applicable to a wide-range of technologies and both start-up ventures and established companies looking to trial and market a new technology are eligible for the awards. However, preference is given to smaller companies, those with 250 or fewer employees.
WTC’s Research and Technology Development (RTD) awards help Washington companies grow faster, create jobs and attract investors by providing that critical funding needed to advance scientific research and product development. Since 1995, the Washington Technology Center has awarded more than 296 grants through the RTD program. Past recipients include Real Networks, EKOS, Microvision, Siemens Medical Systems, RS Medical and Tree Top. RTD-affiliated companies have partnered with world-class researchers from the University of Washington, Washington State University, Gonzaga University, and Western, Central and Eastern Washington Universities, and Swedish Medical Center.
How to Apply
To be considered for the fall 2008 round of grants, interested parties should complete a Notice of Intent form by September 18, 2008. Applications are due on October 23, 2008. Winners are notified in December and projects begin January 1, 2009. More information and applications materials are available online at WTC’s website: www.watechcenter.org.
RTD Contact: Russell Paez, Project Coordinator, 206-616- 3102, rpaez@watechcenter.org
