HomeCCMR Industry OutreachCCMR Industrial ProgramsINVEST Program

INVEST Program

 

INVEST Description:

The INVEST program is open to NYS Businesses. Projects can start at any time.

INVEST-NY provides 15% matching funds to NYS businesses (not to exceed $11,250 per project).

The INVEST-NY program provides a fast and flexible way for NYS businesses to engage in a research program with a Cornell faculty expert, or to pursue  development of a system/technology/prototype beyond proof-of-concept, leading to scale-up and manufacturing. INVEST-NY can complement the CCMR JumpStart program by filling the gap between funding programs like the Jeff Lawrence Manufacturing Innovation Fund, or the SBIR program.

INVEST Process:

1- INVEST is a flexible rolling process. Companies can submit a request form with a project description at any time.

2- Completing the INVEST request form with a project description will help us identify the most appropriate Cornell expert. A list of Faculty members grouped by research/technology is provided only as a guide, many other fields and types of experts are available at Cornell. The CCMR will work to identify the most appropriate Cornell expert as a function of your company’s needs.

3-  A Non-Disclosure Agreement (NDA) is available if you wish to exchange certain proprietary information relating to your respective know-how, products and businesses for the purpose of evaluating a project and a possible collaboration.

4- Once the scope of work, project duration and budget are finalized, the CCMR will provide matching funds to support the project.

INVEST Benefits:

  • Rapid, low-cost entry to materials R&D with Cornell experts for large and small businesses from NY State and beyond
  • Flexible rolling process. Companies can submit requests at any time.
  • Low administrative costs
  • CCMR Matching funds: 15% for NYS businesses
  • Low-cost access to the CCMR Shared Facilities
  • Complimentary registration to the annual CCMR Symposium
  • Networking opportunities with Cornell faculty and partnering companies
  • Early access to potential employees (i.e., students)
  • Internships and industrial residence program (research fellows)

 

INVEST Tiers:

Depending on the scope and duration of the project, industry partners will fund projects at one of four suggested minimum levels:

    • Partner: $75,000
    • Associate: $35,000
    • Affiliate: $15,000
    • Fellow: $5,000

 

INVEST matching funds are provided through a matching grant from Empire State Development’s Division of Science, Technology and Innovation (NYSTAR). The INVEST request form includes a question on the proposal’s projected impact for the business and for the economic growth of the region. NYSTAR requires CCMR to report economic impact resulting from CCMR-funded collaboration to demonstrate return on the state’s investment. Partner companies will be contacted by CCMR on an annual basis for the 5 years following the commencement of the project to track project progress.

CCMR will write press releases, success stories and articles with the collaboration of the industrial partners to showcase the CCMR program and the partner company.

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