Operating initially under the name Cornell Technology Acceleration and Maturation Fund (CTAM), and now re-launched as Ignite – Cornell Research: Lab to Market, Cornell University funds the further development of select innovations with definite next steps to validate commercialization strategy, whether that be via a startup company or corporate license.
The gap funding program was initiated and funded by the Office of the Vice Provost for Research (OVPR) in 2014 and has grown through university contributions and ongoing gifts from industry partners and alumni. A generous gift from Peggy J. Koenig ’78 helped launch Ignite in 2020, and Kairos Ventures donated to CTAM in 2017.
In the first five years of the CTAM program, completed projects have gone on to raise over $30M in venture capital, corporate-sponsored research, and research grants, a 34x return on investment.
Download the full report to read about select research lab or startup projects here.