Funding

Abstract

Chapter 5 describes funding streams available for researchers and intellectual property (IP) obligations that accompany the award. The responsibility for initiating reports of inventions rests with the researcher, and thereafter other institutional offices become involved. The four major types of funding are intramural funds, external grants, industry sponsored agreement, and crowdfunding; they have variable expectations for how the results stemming from that funding can be commercialized. Consulting activity and special programs to promote commercialization such as I-Corps are treated briefly. Finally, we explore the crowdfunding environment, which has emerged as a source of early support for commercialization.