•
Potential for improving competitiveness
•
Capacity to generate employment by
opening new markets or starting new
enterprises
•
Anticipated social or environmental benefits
•
Funded projects must be commercialized within
two (2) years of the receipt of the Vogt grant
award. Innovations that require completion of
FDA or other regulatory trials will take longer
than 2 years to commercialize, and therefore are
not eligible for the Vogt Award. If your
innovation requires completion of regulatory
trials, and you believe you can commercialize in
two years, please explain your current stage
and how a Vogt Award would help you get to
market in 2 years or less
•
Personal or other financial investment
•
Willingness to locate all or part of operations
in the Greater
Louisville area
•
Demonstrated need or Start-Up status
Who May
Apply
Anyone with an innovative invention or a new and better way to do things, including
engineers, students, scientists, technicians, creative people, entrepreneurs, intra-preneurs,
individuals, fledgling companies, inventors, tinkerers, etc.
Funding
Amounts, and Award Period
Up to $250,000 per year is available from the $5 million endowment.
A specially appointed Vogt Award Selection Committee may elect
to award the full amount for the year to one applicant, divide
it among several worthy projects, or choose to award a smaller
amount each year. This does NOT mean that each awardee will receive
$250,000. Payments
are contingent on successful attainment of specific milestones
negotiated by the applicant and The Vogt Award Selection Committee
prior to the initial distribution of award funds.
The Vogt Award will generally NOT be used to fund general research, product conception, or to repay debt incurred prior to winning the award.
