The SMART Business Act proof-of-concept funding application is now open.

The SMART Business Accelerator Initiative provides proof of concept funding to support the development of MSU intellectual property into products and services.

Grants up to $85,000 per project may be used by public universities or affiliated university research corporations to validate the commercial viability of state-owned intellectual property through activities such as the development of early product concepts, conducting proof-of concept studies and manufacturing prototypes.

Funding is available on a rolling basis.

Preference will be given to teams already working with the Center for Entrepreneurship and Outreach, the Office of Technology Management, or InnovateMS to protect and commercialize an innovation, but is not a requirement.

Contact Tasha Bibb at 662-325-0485 or tasha.bibb@msstate.edu for more information.