Seed Funding Projects:
It is Stevens’ policy to provide for growth by supporting seed money for projects that focus on technology development that can lead to intellectual property, the development of a possible product, or provide the genesis for a new start up, as well as lead to new revenue. The revenue can be grants or contracts or licensing from a new product or revenues generated from the creation of a new enterprise. The project should also demonstrate student involvement and how the experience can be brought back into the classroom.
Applications submitted by faculty to the VPITI for consideration must contain pertinent information, as outlined in the application form.
Upon approval, the VPITI will direct the Office of Sponsored Research (OSR) to assign a project number and record the project budget. On a monthly basis the PI will provide information to OSR to assist OSR in accurate record keeping. OSR will use this information to help generate accurate reports. The OSR will provide VPITI with an institute-wide summary on a quarterly basis.
The project idea demonstrates a new capability, or is testing the feasibility of a product. If the idea leads to development of a product – description of the product. If the idea can lead to a start-up – description of the business and financial models. Application includes a clear explanation of benefits by advancement of these funds. A return on investment is provided. Project idea is aligned with strategic research thrusts that develop innovative technologies to make security, biotechnology, and environmental areas more effective and efficient.
Application illustrates how this work can position Stevens for strategic term research growth and potentially federally/non-federally funding source(s) which are included with identification of near tem possibilities. Description includes student involvement in the project and plan to bring it back to the classroom. | 
