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New York Fund for Innovation in Research and Scientific Talent - Nyfirst

$2,000,000
Closed
Grant Description

The NYFIRST medical school grant program aims to support the recruitment or retention of exceptional life science researchers at New York State medical schools. The program offers a maximum grant of $1.0 million, with a requirement for grantees to provide $2 in matching funds for every $1 of NYFIRST program assistance. Eligible expenses include laboratory establishment or upgrades, purchase of capital equipment and specialized supplies, and working capital for professional staff costs. Eligible applicants are limited to medical schools in New York State, and the recruited or retained Principal Investigator must have a history of translational research and be pursuing innovative solutions for unmet clinical needs with a clear path to commercialization. Additionally, the talent must demonstrate a history of entrepreneurship, be tenured or on a tenure track, hire from outside New York State or retain full-time scientists or doctoral students/post-doctoral fellows, and have potential for significant life sciences economic development benefits in New York State. For detailed eligibility requirements, funding criteria, and application guidelines, potential applicants should refer to the Life Sciences Initiative Program Guidelines for the New York Fund for Innovation in Research and Scientific Talent (NYFIRST) Program.

Funding Details

Award Range

$1,000,000 - $2,000,000

Total Program Funding

$1,500,000

Number of Awards

1

Matching Requirement

Yes -

Eligibility

Eligible Applicants

Nonprofits
Private institutions of higher education

Additional Requirements

- Only medical schools in New York State are eligible to apply for NYFIRST grants. - The Principal Investigator must have a history of translational research and be pursuing research on an innovative solution for an unmet clinical need with a clear path to commercialization. - The Principal Investigator must demonstrate a history of entrepreneurship, have sufficient funding to support the research project for at least three years, and be tenured or on a tenure track. - The Principal Investigator must hire from outside of New York State or retain at least two full-time scientists or doctoral students/post-doctoral fellows (or four part-time). - The research must have the potential to result in significant life sciences economic development benefits in New York State. - There are no restrictions with regard to the therapeutic area of research being pursued.

Geographic Eligibility

All

Key Dates

Application Opens

November 15, 2023

Application Closes

May 15, 2024

Contact Information

Grantor

NYFIRST Program Manager

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Categories
Science and Technology
Energy
Transportation
Opportunity Zone Benefits
Workforce Development