Pre-application until October 22nd, 2014 (5 pm)
Final application until January 16th, 2015 (5 pm)
Objectives and priorities
Innovation is one of the three strategic pillars of Instituto Superior Técnico, alongside teaching and research. It is therefore a central goal of the School to create conditions for market players to create economic value from the knowledge produced at Técnico. Among the various forms of knowledge valuation, Técnico encourages the creation of spin-offs, in particular those promoted by their professors, researchers or students.
To pursue this objective, Técnico has sponsored the creation of the ISTART venture capital fund, managed by ES Ventures (ESV), for which a first Call for Investment Opportunities was open in 2012. Currently this fund has invested most of its capital, and the good results lead to a strengthening of the cooperation between Técnico and ESV, for the creation of a new Venture Capital with a much larger investment capacity, also dedicated to new ventures originated at universities. This fund will have particularly favorable conditions to finance technology-based entrepreneurship with high growth potential. The fund, like any investment fund, aims at capital appreciation, competing with other investors in the market.
- finance the transition of projects from a context of scientific research and development to a business environment that maximizes its potential economic value and the associated knowledge and scientific work;
- extend the career prospects of students, researchers and professors interested in technology transfer from the university to the industry.
Priority will be given to projects that combine technological knowledge and technology excellence with the resolution of global problems of high economic value.
Types of projects
- research projects;
- PhD theses;
- master’s theses.
Projects must fall within the following areas:
- Life Sciences and Biotechnology
- Basic Sciences
- Energy, Environment and Mobility
- Information and Communication Technologies
- Nanoscience, Microtechnology and Materials
- Production Engineering and Technologies
- Technology Management and Entrepeneurship
The investment can be used for the following purposes:
- patent applications;
- development of industrial prototypes;
- conducting a proof of concept;
- preparation of a detailed business plans;
- company establishment costs.
The protection of all intellectual property is a critical factor and will therefore be preferred projects that are not in the public domain.
May apply individually or in association:
- students, researchers and professors of IST, actual or potential holders of intellectual property, with the common goal to constitute a company to exploit the project;
- newly established firms to exploit a technology.
Submission of applications
Applications must be submitted to the IST Technology Transfer Office until 5 pm on January 16th, 2015.
To aply, the following presentation must be filled and sent by e-mail to the address firstname.lastname@example.org.
Additionally, a pre-application can be submitted until 5 pm on October 22nd, 2014, with a subset of the information to allow the selection committee to help improve the final application. This information should be introduced in the form available at the following address, and a message should be sent to email@example.com indicating interest in the assessment of the pre-application:
Methodology and selection criteria
The selection of the projects will be held in two phases:
- selection of a shortlist of projects by an expert panel (incorporating elements of Técnico and ESV);
- analysis of the shortlisted projects by the Investment Committee of the ESV.
The investment criteria include, among others:
- degree of innovation of the project, seen as the economic value of the need that the product or service fills (usually achieved with disruptive solutions);
- level of protection or exclusive technology that can assure the company to create;
In the end, a proposal for financing will be presented to the promoters of the projects approved by the Investment Committee of the fund.
Corporate Partnerships Unit