Turning Breakthrough Science into Business

Application DE Incubation Fund – step 2

DE Incubation Fund application form - step 2

  • What is the problem?
  • What is the solution? How does it scale? Are there any planned or ongoing pilot projects with external parties or beta customers?
  • What are the names, backgrounds and skillsets of the current team members? What competencies and skills would complement your team?
  • What are the current solutions to the described problem? Who is active in the field?
  • When would you estimate your product to reach the market? What do you base that estimate on? How would you price your product and how many could you sell it to? How does that compare to other solutions to the same problem?
  • Can the described solution be (partly) protected (patent, trade secret, etc.)? Do you have exclusive access to the intellectual property?
  • What does your funding plan look like? Which are your milestones and how much money and time is required to reach them? (Note: for hiring people, a maximum of EUR 3.000 per month applies (on fulltime basis and in the form of a management fee).
  • What are the next steps after the project funding (technology development, business development, team etc.)?

Monitoring and reporting

  • Depending on the duration of the project there will be a number of evaluation moments
  • The project will be finalised by writing an end report
  • If it is already clear during the project that a company is not feasible, the project will be stopped, the end report written and the remaining funds will be returned to the Fund

Internal review process

  • After application has been received (VL, managed by data owner), IM reviews the proposal for completeness (all fields are required)
  • One round of changes based on IM input is allowed.
  • IM then scores the proposal; if it reaches the threshold (see scoring criteria), the application is dealt with in the next Review Committee
    • Meeting within two weeks of final application; decision in the meeting.
    • Members: one from Delft Enterprises, one external expert (technical or commercial), one from TW