Do you have a research-based idea you want to commercialize? TUTL-funding round for new projects is now open in Aalto – join the info session 22.5.!
New Business from Research Ideas (TUTL – Tutkimuksesta liiketoimintaa) is a commercialization funding for research projects which are market-oriented. Tekes has provided the funding since 2012. The application process differs notable from other Tekes’ funding calls because in the first part of the application process the funding application will be pitched to an evaluation jury. The funding also enables and requires a remarkable investment to the preparation of the commercialization.
Aalto Innovation Services support in applying
Tekes requires that the projects have gone through an evaluating process for commercialization by the applicant organization. In Aalto University, Innovation Services has created an effective and active TUTL process. One of approved TUTL projects from 2016 is Surgify, which develops new kind of safe bone-drilling equipment. “TUTL funding has been a turning point for us in commercializing our innovation” says project coordinator Visa Sippola. “We can warmly recommend the smooth and well-designed Aalto process for all researcers. Surgify’s next plans include IP transfer from the university to a spin-off company (to be established). You can read the Surgify innovation story in latest Aalto University Magazine.
Aalto is successful in TUTL applications
Between 2012 and 2016 total 46 applications from Aalto have been granted TUTL-funding. Tekes has received applications from every school and School of Engineering has been the most active. Aalto’s TUTL projects have cumulated almost 20 million euros of funding. The average budget of TUTL funding has been approximately 500 000€. The size of the project budget has been varying from around 200000 euros up to 1,5 million euros and the maximum length of the project is two years.
Granted TUTL funding as per schools in years 2012-2016
The TUTL round is now open for Aalto researchers –info session 22.5.
The second round of 2017 TUTL process, coordinated by Aalto Innovation Services, is now open. The deadline for applications for TEKES is Sep 14, 2017. Aalto Innovation Services organizes training for Aalto teams applying for funding. Welcome to TUTL Info Session in Aalto Start-Up Center on May 22, 10-12 to learn more!