In an academic research environment, gap funding provides critical support to promising technologies and innovations that have great commercial potential but are “too early” for licensing or investment to help validate the innovation and reduce risk.
Ignite: Cornell Research Lab to Market gap funding series is supported by the Office of the Vice President for Research and Innovation (“OVPRI”). Its purpose is to accelerate technology commercialization, venture creation and growth, and corporate collaboration, create training and career opportunities for students and researchers for entrepreneurship and advance Cornell innovation for societal impact and university mission.
With major expansion in FY2022, funding level for the Ignite series has been increased to $3 million per year with ambitious goals to grow innovation pipeline for success and impact. The gap funding series is supported by the Provost’s office and a generous donation from Peggy J. Koenig ’78.