The MTTC Advisory Board oversees the process and approves the final recommendations from the external reviewers. What are the evaluation criteria?
• technical merit, maturity and cost to complete development; • commercial potential and business viability; • ability for technology to sustain a competitive advantage; • the project team and its ability to execute the plan. >> Back to top In what ways can inventors use the funds? Funds may be used in many ways to move an idea or technology closer to commercialization. Examples of how the Technology Investigation Awards (maximum $25,000) funds can be used: • conduct further defined research on an invention that will lead to proof of concept or prototypes; • undertake testing of a technology or material to obtain initial data on performance; • develop a more user-friendly software interface; • send a material out to independent third party for testing under industrial conditions; • hire outside expert consultants to validate technology. Examples of how the Technology Assessment Awards (maximum $5,000) funds can be used: • develop detailed information on an identified target market; • a
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