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The person who will take responsibility for the project aiming to take it to the market. The “Champion” should be affiliated with the Hosting Institution (the graduate student or post doc or researcher but not the PI).
The process of making a product/service available for sale to the market. In this context, when we say “commercialization,” we refer to the transition of academic research from the lab to the marketplace.
A written description of what you can provide and/or achieve within the Program’s 18-month project period.
An idea, invention, and/or creation that can be protected by law from being copied by someone else.
Control points during the project period that help to chart progress (for example, the completion of a key deliverable, allowing the next phase of the work to begin)
We expect that the PI is eligible to hold an account in the Hosting Institution to which Cyprus Seeds will be transferred. The approved funds will be provided to each successful team, through the team’s Hosting Institution of the Principal Investigator (PI).
How the technology works, under what conditions and for what purpose.
Group(s) of customers you are aiming to sell your product/services.
Technology refers to the method, methodology, systems and/or devices that are the outcome of the research carried out.
TRL scale is a way of measuring or indicating the maturity of a given technology. The TRL spans over nine levels as follows:
TRL 1 – Basic principles observed
TRL 2 – Technology concept formulated
TRL 3 – Experimental proof of concept
TRL 4 – Technology validated in lab
TRL 5 – Technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies)
TRL 6 – Technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies)
TRL 7 – System prototype demonstration in an operational environment
TRL 8 – System complete and qualified
TRL 9 – Actual system proven in operational environment (competitive manufacturing in the case of key enabling technologies or in space)
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