The Innovation Seed Fund addresses a critical gap in accelerating the commercialization process. The program supports prototyping costs related to clean and sustainable agricultural and food systems innovation and technology, providing a critical funding resource to move innovations to the next stage of commercialization.
The fund is intended to support and encourage projects with potential for benefiting economic development in the greater Sacramento/Central Valley region.
Awards range from $5,000 to $25,000. Selected applicants are required to report budget and project activities to the Sustainable AgTech Innovation Center on a monthly basis, and use all funds by July 30, 2016. Projects run through September 30, 2016.
Seed Funding Review Process
A Review Committee appointed by the Sustainable AgTech Innovation Center and the Child Family Institute for Innovation and Entrepreneurship assesses the proposals. The committee is chaired by three agriculture-related industry executives and two investors from the Sacramento regional business and investment community. Committee members are free of conflicts (i.e., they are not, and have not, been engaged in collaborative research with any of the researchers or invested in any of the researchers’ projects).
The Review Committee advises the executive directors of the Sustainable AgTech Innovation Center and the Child Family Institute for Innovation, the principal investigator and the faculty director on the merits of the proposals and ranks them for funding. Final fund decisions are made by the internal committee, based on the Review Committee’s recommendations.
Questions? Contact Amber Harris, SATIC program coordinator.