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Development of verification (VFT-1): Application for funding of the innovation office at Uppsala University 2016

Reference number
Coordinator Uppsala universitets Projekt Aktiebolag
Funding from Vinnova SEK 5 455 234
Project duration December 2015 - September 2018
Status Completed

Purpose and goal

The program verification for growth (VFT1) is handled by the innovation offices to build commercial value in research based ideas from universities to make impact in society. UU Innovation has a goal to support 35 innovation projects with commercial risk reducing activities via VFT1. During 2017 we supported 32 ideas with funding within the program. In total, 48 activities (verification of market, technical aspects, IP, feasibility, regulatory and legal).

Expected results and effects

Since the start of the VFT1 program UU Innovation has approved funding for 132 unique ideas. Until the beginning of 2017 these ideas had in total received funding from VFT1 up to a sum of 8,7MSEK. 47 of the ideas have resulted in startups that in total show 42 employees and a turnover of 65MSEK. In 2017, 32 projects (in total 48 activities) received VFT1 funding of total 2,27MSEK.

Planned approach and implementation

UU Innovation handle VFT1 funding in a well documented process that involves review of new ideas by business- and IP-advisors. The review includes novelty search, preliminary market survey via market reports and feasibility assessment of the project. Decisions to fund projects are made in meetings every other week with external expertise from UU Holding AB and Uppsala Innovation Centre present. Approved projects are followed up via meetings with business advisers and a Value Creation Forum (VCF), where the project owner account for implementation of results.

External links

The project description has been provided by the project members themselves and the text has not been looked at by our editors.

Last updated 8 January 2019

Reference number 2015-06862

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