Stage 3 - Market Readiness Award (up to $25,000)
The Stage 3 Esch Award supports students who have completed formal business plans and/or alpha or beta prototypes. Approximately five awards up to $25,000 each will be awarded on an annual basis to help successful applicants conduct market readiness assessments, obtain legal advice, complete technology transfer agreements, etc.
Applicants should be in a position to demonstrate that their idea has commercial potential and be able to address the issues identified in the selection criteria. Applicants must include a budget outlining the total request amount and anticipated expenses. Recipients must report progress within six months of receiving the award. Ten per cent of the award amount will be withheld until the report is received. If you are applying to Stage 3 and you have not previously received Stage 1 or 2 awards, you must demonstrate through your application package that you have completed an equivalent level of work.