Proof of Concept (POC)

IllinoisVENTURES, in partnership with the Office of Technology Management and on behalf of the UIC Chancellor's Innovation Fund, is pleased to announce the 2018 POC Awards Program.   Selected proposals may receive funding of up to $200,000 over 2 phases of funding for research projects with commercial potential.  The final award amount will be determined by the scope of work, divided into milestone according to input from the review committees.  To be eligible for funding, projects must be based on a UIC invention that has been disclosed to the Office of Technology Management.

Applications must be received no later than August 17, 2018 at 5:00pm CST.  Instructions on submitting a Pre-Proposal Application can be found at the UIC Chancellor's Innovation Fund website at  All Applications must be sent to

Eligibility Requirements

To be eligible for Proof-of-Concept Funding, a proposal must be based on a technology disclosed with the Office of Technology Management (OTM).  Forms and instructions on disclosing a technology can be found here: OTM Submit your idea.   Any questions, please contact a tech manager.

What is the Chancellor's Innovation Fund

Chancellor's Innovation Fund

The Chancellor’s Innovation Fund has been established at UIC in partnership with IllinoisVENTURES with a goal to position UIC as a leader in technology acceleration. The innovation fund links emerging technologies, federally funded innovation grants, alumni, donors, corporations, investors and the greater community. The fund provides milestone-based funding to improve commercialization potential and invest in UIC startups to accelerate innovation.  To learn more about the Chancellor’s Innovation Fund, and to stay updated on new developments and annoucements, please check out their website:

Important Dates for 2018 Fall POC Awards Program

August 17, 2018 – Pre-Proposals Due
October 5, 2018 – POC Finalists Announced
Week of December 3rd, 2018 – Final Pitch Day
Week of December 10th, 2018 – POC Winners Announced