MTRAC AgBio Innovation Challenge (Pilot)
The MTRAC AgBio Innovation Challenge (“Challenge”) is a first of its kind competition designed to match the fitness of university-developed emerging technologies to validated, near-term market applications in agriculture, biomaterials and industrial (i.e. non-medical) biotechnology. This scope of opportunities is referred to herein as “AgBio”. The purpose of the Challenge is to help the MTRAC program assess technology-market risks and opportunities.
Who: The 2020 Michigan AgBio Innovation Challenge invites researchers at public universities, non-profit research institutes and public hospitals across the state of Michigan to do some real-time opportunity assessment and technology pathfinding in the AgBio market space.
Why: The AgBio Innovation Challenge seeks to award a series of prizes ranging from $1,000 to $10,000 based on the identification and validation of potential technology applications in the AgBio marketplace.
What: The body of the MTRAC Innovation Challenge product concept paper will be an opportunity briefing white paper that identifies the technology and the intended application (problem to be solved), evidence supporting the strength of the need for a solution, the rationale for why the technology applies and an assessment of the time and resources required to demonstrate the application.
When: Pilot 1 announcement will be distributed in early July and participant papers received from Aug 1-21, 2020. Pilot 2 will be announced in early 2021 (paper submission dates will be announced at that time).