bluebox home | Services | Funding | Proof of concept fund
We recognise that funding to develop QUT research outcomes to "proof of concept" stage can be hard to come by, which is why we administer the bluebox Proof of Concept fund to help facilitate and accelerate the process of positioning projects led by QUT research staff and students for commercialisation and adoption by industry and the wider community.
Achieving proof of concept involves adding commercial value to a project by generating evidence that the innovation actually works and could lead to a commercially viable product, service or process.
Proof of concept activities are aimed at progressing the project to a stage where:
- Additional external investment in the intellectual property is possible (such as obtaining commercially relevant data that will demonstrate the viability of the project to an investor or provider of further commercial funding), or
- An industry partner or licensee might agree to take a licence to the discovery.
Typically, POC projects may be defined as occurring after advances are made during curiosity-driven or strategic research. This is usually before the following:
- Full lab-scale demonstration of the innovation.
- Any pre-production development / prototyping.
- Commercial funds for development have been made available.
The POC fund is aligned with QUT's stated vision to undertake high-impact research and development in selected areas, at the highest international standards, reinforcing its applied emphasis and securing significant commercial and practical outcomes.
Further information about the fund can be found by perusing the POC FAQs.
