Louisiana State University announces another $2m for its Lift fund.
Louisiana State University (LSU) is adding a further $2m to its Leveraging Innovation for Technology Transfer (Lift) fund.
The proof-of-concept fund makes two annual round of grants to faculty members to evaluate the potential of ideas and bring them closer to market, offering up to $50,000.
The latest cash doubles the amount LSU previously invested into the Lift fund. Its pilot round, launched in May, granted 15 awards totalling $500,000. A second round is currently underway, and winners will be announced at the start of the new year.
Fieldon Alexander, chancellor of LSU, said: “LSU faculty conduct research that has important impact on people’s lives. With the launch of the LIFT2 Fund and now the extended commitment to transfer research innovations into marketplace, LSU continues to demonstrate that our research can enhance the lives of people in Louisiana and the nation.”