One of the most challenging stages for UW research teams is when they’re past the point of academic research grants but they don’t yet have the prototypes, software, or data they need to attract seed funding. Over a decade ago, UW CoMotion formed a partnership with the Washington Research Foundation to provide funding to help entrepreneurs bridge this gap. Since 2005, the CoMotion Innovation Gap Fund has awarded over $9.5 million, backing 77 spinoffs and 95 patents.
“Our goal is to help innovators spinout their technology as a startup or social enterprise or to strengthen the opportunity for licensing,” says Jeanette Ennis, CoMotion’s Associate Director for Innovation Investment. “We want to help them maximize their impact … whether as a startup or something else.”