The objective of the Technology Development Fund (TDF) is to provide gap funding for early-stage, promising technologies in order that they may be further developed to increase their commercialization potential. Often times, researchers lack the funding necessary to take an early-stage technology from something theoretical or simulated to something that is prototyped. These funds are aimed at taking technologies from Technology Readiness Level (TRL) 2-3 to TRL 6-8. By doing this, technical risk is minimized and the potential for commercialization is increased. Market validation is a critical component in this process as well. In summary, the objectives for TDF are as follows:
- Make promising technologies less risky and more attractive to potential licensees
- Through commercial collaborations, increase licensing and the new application of intellectual property (IP) created here in Qatar
- Deploy such technologies (prototype, pilot, demo) leading to further collaboration, development, and commercialization
- To build a robust, valuable IP portfolio in Qatar’s priority research areas
- To build knowledge, create jobs, and address Qatar’s needs
Currently the TDF is by invitation only, so it is not open to everyone. Invitees must have Intellectual Property that is currently managed by Qatar Foundation’s office of Research Strategy & Impact Management (RSIM).Invitees are selected by Qatar Foundation Research & Development staff and technologies are chosen based on current TRL level, market conditions, time and path to market, strategic relevance, and commercial potential.
The TDF Development Plan document is available in the
download center. It is a short application which seeks more information on six main aspects of your technology:
- Brief Project Description
- Development Objectives
- Intellectual Property (IP)
- Project Milestones (including duration and budget)
- Detailed Budget By Category Of Expenditure
questions are intended to encourage the applicant to think holistically about
the technology as there are technical, IP, and market aspects that must be
carefully considered in the successful commercialization of any new technology.
The TDF program yields many benefits. Qatar Foundation
benefits by demonstrating impact in critical Grand Challenge areas; inventors
benefit by having the resources required to further development of their
technologies; potential licensees and strategic partners benefit by working
with technologies that are more developed and less risky; and Qatar benefits
from the economic diversification brought about by the successful
commercialization of these technologies.