Technology Advancement Program (TAP)

Traditional funding mechanisms are typically not available for projects in this transitional stage of development. As a result, these projects are often significantly delayed, or terminated, or licensed at great discounts to third parties before their true value is known.

TAP funding provides a way for projects to progress quickly to the next stage of marketability, while increasing the technology's market value.

Projects that require proof-of-concept, validation, pre-clinical data, or prototype development are examples of TAP-eligible projects.

Time required for funding to be processed 90 days
Estimated Funding From $5000 to S100,000
Project Completion Timeline 12 months

Proof of Concept: A proof of concept (POC) is a demonstration, the purpose of which is to verify that certain concepts or theories have the potential for real-world application. POC is therefore a prototype that is designed to determine feasibility, but does not represent deliverables.

Prototype Development: A prototype is a physical illustration used to demonstrate and verify features of a abstract design as part of the development process for a new idea. It is bringing ideas to reality.

Pre-clinical data: A type of study either to test a drug, a procedure, or another medical treatment. The aim of a preclinical study is to collect data in support of the safety of the new treatment.

Validation: It is a way to give official sanction, confirmation, or approval to a particular procedure, a drug, or any other medical treatment.