Skoltech Translational and Research Innovation Program awards one year of funding for translational research to bridge the gap between laboratory and marketplace and drives innovation and entrepreneurship in Russia. The Program provides critical support for participating teams to help establish proof of concept and provide assistance with advancing their technology towards commercialization, including pre-start up identification of high potential market opportunities, intellectual property management, and, if appropriate, team development. It helps to ensure that the invention meets the market technological requirements and finds its niche. It is developed in collaboration with the Deshpande Center for Technological Innovation at the Massachusetts Institute of Technology (MIT). Both The Deshpande Center and MIT have a proven track record of success in technology commercialisation.
Foundation of Assistance to Small Innovative Enterprises (Bortnik’s foundation) is a non-profit organization set up by the Russian Government in 1994, formed in accordance with the Decree of the Government. The Foundation is classified as one of Russia’s most important scientific development institutions. UMNIK is the pre-seed funding program aimed to support young individual scientists by providing 500 000 rubles as nonrefundable nontaxable grant through multi-staged selection; selection of the winners is carried out in accredited institute by the expert panel (scientists and experts, business representatives, foundation representatives) prepared by Skoltech and approved by the Foundation.
Main objectives of the program:
– Provide state support for young scientists who want to fulfill their potential through innovation, and encouraging participation of young people in science, technology and innovation;
– Conduct research by young scientists in order to implement their results in the economy;
– Preparing young scientists for creation of small innovative enterprises, necessary for the application of research results.