The MedTech Venture Prototyping Fund is an intramural funding opportunity designed to encourage and promote the advancement of medical device, diagnostic, and digital health technologies owned by NYU that have significant potential for commercialization and clinical impact, through prototype development and evaluation. Projects that involve NYU technologies that have already been licensed to a commercial entity will not be considered.
Request for Proposals
Application deadline: June 16, 2025
Eligibility
Principal investigators with a primary appointment at NYU Grossman School of Medicine or NYU Long Island School of Medicine are eligible to apply.
Award Value
Applicants may request up to a maximum budget of $75,000, which may include costs for contracted third-party services. As an internal funding opportunity, there will be no indirect costs charged. Where possible, it is recommended that proposals with budgets of $50,000 or more be presented in two or more phases that may be funded sequentially.
Please note that salaries for existing NYU personnel are not supported by the Fund. Project plans may include costs of external consultants or companies to supplement existing expertise.
Application Process
Applicants should email a one-page preliminary proposal to MVPFund@nyulangone.org with the subject line “MedTech Venture Prototyping Fund Proposal.” You will receive confirmation of receipt by the end of the next business day.
A complete proposal comprises the following:
- Outline of the technology
- Commercial applications
- Development stage
- Proposed prototype development and evaluation
- Budget requested
If the technology has not already been disclosed to TOV, please complete an innovation disclosure form before applying.
Additional Details
TOV will be involved in selecting and managing any outside contracts. The proposed funding level will be evaluated relative to the size of the market opportunity and the ability of the funding to enable achievement of a significant inflection point in the advancement of the technology towards commercialization.
TOV can provide support for identifying and engaging with external contractors for design, prototype development and animal studies for investigators who seek assistance, so feel free reach out.
Contact
For questions about the MedTech Venture Prototyping Fund, please contact MVPFund@nyulangone.org