Industrial T-GAP
There is a recognized chasm in the commercialization of technologies especially in very small companies. It is the black hole on the 'research to reality' road where innovative and viable technologies get lost. Because the development step often lies outside the domain of traditional investment sources, many valuable technologies and ideas are needlessly shelved. In an effort to address this situation, Precarn had allocated up to $4 Million* in funds to advance technologies that show commercial promise. The Technology-Gap Assistance Program (T-GAP) was the conduit through which the funds were awarded.
The T-GAP program had the following characteristics:
- A focus on small (2-50 person) companies and start-up companies;
- Maximum funding is up to $100,000;
- Maximum Precarn support is 40% of total project costs;
- Project duration of nine months or less; and,
- 50% of Precarn’s contribution will be paid at midterm of the project and the remaining 50% will be paid upon project completion and receipt of the final report.
Available funds were primarily intended to bring technologies closer to commercial readiness; naturally, this represented a wide range of different activities, but some examples include:
- Developing and building engineering prototypes,
- Refining and implementing designs,
- Conducting scale-up activities,
- Product-specific market research,
- Conducting field studies, or
- Carrying out technical and market assessments.