Innovation Commercialization Assistance Program

The Virginia SBDC with funding from the U.S. Small Business Administration, has established an Innovation Commercialization Assistance Program (ICAP) designed to assist Virginia entrepreneurs with commercialization of their innovations. The program will provide assistance and guidance enabling participants to:

1) Create New Ventures
2) Fund Research & Development
3) Raise Capital
4) Create New Jobs

Who is eligible?
CAP specifically supports Virginia businesses, entrepreneurs, universities or research centers who are commercializing innovations in two industry sectors:

Clean Technologies such as: Power Generation  Smart Grid Technology  Renewable Fuel Mining  Other Emerging Technologies    Modeling & Simulation applications in Military/Defense Homeland Security Social Sciences Healthcare & Medicine Game-Based Learning

What is the value to me?
As a participant, you will receive a FREE Client Market Assessment (CMA) for your innovation. The CMA will be developed by subject matter experts in your industry and includes:

• SWOT Analysis
• Summary
• Grade
• Recommended next steps

Sample Client Market Assessment (CMA)

Selected participants, based on your CMA and alignment with ICAP goals, will also receive additional customized counseling to support getting your innovation to the market!

How do I apply?
Complete the Client Application and submit to shine@virginiasbdc.org. Detailed information is required for participation to ensure a comprehensive CMA. We can only accept 45 participants from each industry, so don’t delay! Accepted clients will receive their CMAs in mid-May, 2012.