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QED Proof-of-Concept Program

Investing in researchers to enable tomorrow’s breakthroughs.

Science Center Lab Tech
Commercialize

About the QED Program

We provide funding and business development support for academic researchers developing early-stage life science and healthcare technologies with high commercial potential. By the end of the program, researchers will have the knowledge and tools to seek follow-on funding to advance their projects along the commercialization pathway. The Science Center kickstarts this process by funding up to three projects from each round.

A common participation agreement that defines matching funds, indirect costs, and intellectual property management, has been signed by 22 universities and research institutions across Pennsylvania, New Jersey, and Delaware.

Headshot of Sharon Ross

Sharon Ross

QED Program Manager

Who is this program for?

Program Benefits

Customized Business Mentorship

We tap into a network of volunteer business advisors with industry experience translating technologies from idea to clinic. Principal investigators are matched with business advisors with relevant domain expertise, and work as a team over 8-10 weeks to develop proof-of-concept plans.

Development of Proof-of-Concept Plan

Each uniquely designed milestone-driven proof-of-concept plan answers key questions to guide the investigator as they seek follow on funding from public or private sources.

Market Exposure

The Science Center selects projects for strategic plan development and funding via a market-driven process that incorporates representatives of the regional investment community and industry. Participants present their proof-of-concept plans to a selection team of pharmaceutical and medical device executives and investors. Feedback from the selection team enables the project teams to better address their market and gives them a competitive edge moving forward. Exposure to selection team members who may be interested in supporting their technologies in the future is an additional benefit.

Bridge Funding

The Science Center kickstarts up to four projects in each cohort with grants of up to $200,000 each. The project teams have 12 months to complete the work proposed in their proof-of-concept plans. Science Center leadership and the partner institutions review the projects throughout the award period to help facilitate the successful transition of the research into the private sector.

Ownership of all intellectual property is retained by the research institution and transitioned into licensing opportunities or new ventures according to institutional policies and commercial interest. Each research institution has agreed to revenue-sharing conditions in the event a funded project is licensed.

Eligibility Criteria

Applicants must belong to one of QED’s partner institutions

Support from the applicant's home institution’s Technology Transfer Office

Life sciences focused technology/idea

A strong desire and willingness to learn and receive guidance from industry experts

Subject IP must be owned and managed by the home institution

Program FAQs

The QED process has been an invaluable experience. The most beneficial aspect of the process is working with the business advisors in determining the market opportunity and a strategy towards commercialization. These activities help to define the next steps in developing the technology.

Treena Arinzeh, New Jersey Institute of Technology

QED Impact

As of September 1, 2020
138
Proof-of-concept plans created
$8M
Invested in 41 projects
11
Licenses granted to QED-supported technologies
22
Academic partners

QED Partner Institutions

Join the Ecosystem

Knowledge is vital. Networks are essential. We are the ecosystem builders. Learn more about engaging with the Science Center as an advisor, mentor or by participating in our events as a speaker, attendee or volunteer.

Join the Ecosystem
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