When fully funded as a $10-million endowment, LAUNCH will generate approximately $400,000 each year for research grants. The grant process is designed to select and encourage those projects with the greatest promise for success and economic development:
- Projects will be invited from all colleges and schools at Auburn and selected through a competitive process. This process will identify such attributes as market potential and technology readiness.
- Funding will be linked to accountability and progress toward project milestones. Technical, financial, and management mentoring will be made available to promote the success of those project teams selected for funding.
NOTE: Once projects make it through the LAUNCH Fund and into the marketplace, donors to the fund are eligible to invest in these technologies. However, donors to the LAUNCH Fund retain no rights to revenue, royalties, or equity through their gifts to the LAUNCH Fund.