The Texas Tech Innovation Hub has partnered with the Lubbock Economic Development Alliance to establish the Prototype Fund.
The objectives of the fund are the following:
- Accelerate the development of a prototype for technology startups
- To assist TTU faculty, community, and students in furthering IP development as a result of the NSF I-Corps recommendations
- To develop an MVP as a current or past participant in any Innovation Hub Programs
- To bridge the validation of technology in SBIR/STTR currently funded or newly submitted proposals
Awards will be given in the following increments:
- $5,000 award
- $10,000 award
- $15,000 award
- $25,000 award
Budget detail should include specific milestones and timeline for grant funding in ONE of the above award increments. Applications exceeding a 1-year timeline will be ineligible.