Dr. Ariel E. Feldstein’s proposal, ‘Biomarkers and Therapeutic Targets for Liver Damage" won a competitive UC Proof of Concept Commercialization Gap Grant. Dr. Feldstein, chief of the Division of Gastroenterology, Hepatology, and Nutrition of the UC San Diego Department of Pediatrics had been waitlisted with hundreds of other proposals and was recently notified that the committee judged Dr. Feldstein’s proposal as “important, and highly ranked” – this demonstrates the caliber of project to meet goals of UC Proof of Concept Commercialization Gap Grant.
The Proof of Concept Program: Commercialization Gap Grants (POC) is an effort to bridge the gap from research to commercialization in what is sometimes called “the valley of death:” that is, the absence of an industry sponsor and the lack of funding to build a prototype of a product or service that could then be used to solicit investment for a new company or license a new product.
By facilitating the successful commercialization of innovations to society, this initiative is expected to have a positive impact on California and the state’s economy. The Proof of Concept Commercialization Gap Grants (PoC Program) initiative was launched in 2011 to advance both the research and public service missions of the University of California. The program funds innovations and discoveries at the cusp of commercialization that require a final demonstration of their commercial viability. The PoC program enhances the University’s research mission through the highly selective identification and funding of compelling projects that advance the University’s position as a leading source of innovation, and provides a public service by supporting the commercialization of discoveries that benefit the California public and the State’s economy by attracting investment, creating jobs, and enhancing quality of life in the State.
After its initial launch in 2011, this grant program generated great momentum and praise as UC strives to meet its mission of public benefit and support of California’s technology based economy by helping to translate discoveries from our research enterprise into commercial products and services. As an award recipient, Dr. Ariel Feldstein will showcase his project at the 2014 UC Systemwide Technology Transfer Forum on Thursday, May 8, 2014 at the Westin SFO Hotel.
The UCOP Office of Innovation Alliances (IAS) coordinates this event and invitees include investors and industry representatives interested in partnering with UC inventors. This opportunity will help to advance commercialization of Dr. Feldstein’s projects.