The UIC Chancellor’s Innovation Fund (CIF)
Proof of Concept Awards program is a two-phased program that awards up to $200,000 per project to advance technology originating at UIC.

The CIF has been established at UIC by the Office of the Chancellor in partnership with IllinoisVENTURES and Office of Technology Management to support the commercialization of technology developed by faculty, staff and students at UIC.

Proof of Concept Awards Program

The POC Awards Program will be conducted once yearly in the fall with $1,000,000 per round available for projects. In Phase I, innovators may receive up to $50,000 (Final award amounts will be determined by scope of work of milestones to be completed with the input of the review committees) and have 6 months to complete a single, key milestone. Once complete, the Phase I awardees must submit a final report in order to be considered for Phase II funding where awardees may receive up to $150,000 (Final award amounts will be determined by scope of work of milestones to be completed with the input of the review committees) and have 12 months to complete additional commercially significant milestones. Final awardees for each phase are selected by an external panel of venture capitalists, industry experts and business leaders.

Process for Fall 2018 Phase I

The process for the upcoming Fall 2018 Phase I CIF POC Awards Program will begin with Pre-Proposal submissions due by 5PM CST on August 17th, 2018. The Pre-Proposal Review Committee will then review and select finalists from the pool of applicants. Finalists will be brought in to meet with members of the IllinoisVENTURES and Office of Technology Management teams for a project planning meeting and mock pitches as they prepare for the full proposal submission in PowerPoint presentation format due November 9th, 2018. Finally, the Phase I Program will culminate in a slide presentation to a panel of venture capitalists, business leaders and industry experts on the Final Pitch Day where the awardees will be selected for funding. Awardees will be notified no later than December 10th, 2018 of final decision.

2018 Fall POC Awards Program Documents:

UIC Chancellor's Innovation Fund Proof of Concept Awards Program Pre-Proposal Application Form

Instructions for UIC Chancellor's Innovation Fund POC Awards Program Pre-Proposal

2018 Fall POC Awards Program
Important Dates:

August 17th, 2018 - Pre-Proposals Due
October 5th, 2018 - POC Finalists Announced
Week of December 3rd, 2018 - Final Pitch Day
Week of December 10th, 2018- POC Winners Announced

UIC Chancellor's Innovation Fund in the News