{"id":1690,"date":"2023-02-02T22:24:00","date_gmt":"2023-02-02T22:24:00","guid":{"rendered":"https:\/\/new.www.purdue.edu\/newsroom\/?p=1690"},"modified":"2024-08-20T14:23:42","modified_gmt":"2024-08-20T18:23:42","slug":"purdue-researchers-receive-over-143000-to-strengthen-marketplace-interest-in-their-ip","status":"publish","type":"post","link":"https:\/\/www.purdue.edu\/newsroom\/2023\/Q1\/purdue-researchers-receive-over-143000-to-strengthen-marketplace-interest-in-their-ip","title":{"rendered":"Purdue researchers receive over $143,000 to strengthen marketplace interest in their IP"},"content":{"rendered":"

WEST LAFAYETTE, Ind. —<\/p> \n

Purdue University innovators who create new processes and products need capital, among other resources, to bring their ideas to reality. A Purdue fund is making financial support available to help them further develop their work.<\/p>\n<\/div>\n\n\n

Researchers from the College of Agriculture and College of Engineering have received more than $143,000 from the Trask Innovation Fund<\/a> to make their work more attractive for commercial use. The fund is managed by the Purdue Research Foundation Office of Technology Commercialization<\/a>. It awards up to $50,000 for short-term projects that enhance the commercial value of intellectual property. The application deadline for the next round of funding is Feb. 17.<\/p>\n\n\n\n

Brooke Beier<\/a>, Purdue Research Foundation\u2019s senior vice president of commercialization, said researchers need funding to bridge the \u201cvalley of death\u201d between creating innovations and advancing them to market.<\/p>\n\n\n\n

\u201cPRF recognizes that funding and other resources assist innovators and entrepreneurs in developing products viable for industry commercialization,\u201d Beier said. \u201cThe Trask Innovation Fund complements the other resources provided under the Purdue Innovates brand.\u201d<\/p>\n\n\n

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Xiulin Ruan, a Purdue University professor of mechanical engineering, holds up his lab\u2019s sample of the whitest paint on record. The Purdue Research Foundation Office of Technology Commercialization awarded Ruan funding through its Trask Innovation Fund to support a project to make it more attractive for commercial use. (Purdue University\/Jared Pike)<\/figcaption><\/figure>\n<\/div>\n\n\n

Abhijit Karve<\/a>, the Office of Technology Commercialization\u2019s director of business development, said recipients have used Trask Innovation Fund awards in several ways.<\/p>\n\n\n\n

\u201cOften, companies want additional validation of the technology before they can license it. Trask Innovation Fund awards have been used to develop prototypes, conduct tests, support students and generate data,\u201d Karve said. \u201cThese steps add another round of validation for these researchers\u2019 work and make it more attractive for the marketplace.\u201d<\/p>\n\n\n\n

Trask Innovation Fund recipients, their project and award amounts are:<\/p>\n\n\n\n