About Proof of Concept Grant

About Proof of Concept Grant


Proof of Concept (PoC) program is a grant to support KFUPM faculty or researcher for developing and validating early-stage inventions originating in their labs.

The PoC fund can cover following:

  • Development
  • Testing
  • Prototype construction
  • Conduct specific market research

 

proof of concept grant

 

Objectives of the program:

  • Evaluate commercial potential
  • Demonstrate value
  • De-Risk the project to commercial partners or investors
  • Help in identifying route to commercialization and securing a route
  • Identify weakness in the technology for further development, or help avoid downstream costs