News and Events > TTO’s Proof of Concept Program (POC) Closes First Application Round

TTO’s Proof of Concept Program (POC) Closes First Application Round

August 31, 2004

The TTO's newly launched POC program closed its first round of applications on August 31. Fifteen applicants submitted proposals with 9 specifying primary applications in life sciences and the balance coming from the physical sciences and software. Teams of investigators who have combined their talents in cross-disciplinary sciences, representing a combination of life science and physical science expertise, submitted several of the technologies. The Proof of Concept (POC) program makes seed investments ranging from $50,000 to $100,000 in start-up companies based on promising CU technologies.

University License Equity Holdings, Inc (ULEHI) the non-profit organization that manages private equity for CU and helps facilitate the creation of startup companies from university discoveries is managing the program and is overseeing the application process. An Investment Advisory Panel, composed of venture capital advisors have reviewed the applications and selected three finalists in each category. These finalists will present their technology and proof of concept execution plan to the committees over the next several weeks. The awardees will be selected and notified by mid-October.

The next round of the POC program will open in the spring of 2005. For more information on the POC fund or start up activity at CU, contact David Drake, Executive Director, ULEHI: David.Drake@cu.edu.