Grant Writing – The Commercialization Plan
Grant Writing – The Commercialization Plan
Learn how to compose an outline and draft the content for a Commercialization Plan in a grant proposal.
We will start with a discussion.
- First, we will listen to your idea to understand the core of your invention or discovery.
- We’ll then want to hear about the problem you are trying to solve, and the benefits of your technology or product (i.e. scientific, educational and societal benefits). Next we will discuss customer and competition. It will be important to describe how you are better than what is currently in the market.
- We will develop a production and marketing plan, and lastly discuss a financial plan.
Addressing all of these areas will give you the information you need to outline the components of your Commercialization Plan.
Next, the outline will be used for you to draft the Plan, and we have templates to assist you. The templates include all the sections that will be in the Plan, along with the specific instructions from the grantor. Our templates also include boilerplate language that will help guide you to draft the language that is appropriate for your Plan. This language will also show you what is expected by reviewers. You will be free to use or modify the boilerplate language for your specific purpose.
We will provide “big picture” comments on the draft. The comments will help guide early drafts and ensure that you are fully addressing each of the sections of the Plan in a way that will be easily understood by the reviewer. We can also provide editing assistance if needed. Typically, 2-3 drafts will be needed before you have your final Plan.
Objective
The objective of our work together is to teach you how to think about the commercialization section of your proposal in the way the reviewers need to see and understand your Plan. These are skills that are transferable across any grant proposal requiring a commercialization section. We can help you understand how to put your best foot forward with your grant application, to achieve fit with the agency, institute and strategic goals of the funding organization, yet aligning efforts with your business goals.
Tutor: Laura Hales is a Ph.D. scientist and business professional with >20 years’ experience in the startup biotechnology industry. She held senior scientific positions at several startups before co-founding Extend Biosciences, a clinical-stage life sciences company located in the greater Boston area. Laura’s expertise was instrumental in obtaining >$14M in grant funding for her own startup from state, federal and corporate sources, so she has seen the entire grant/contract pathway from conception, to writing the grant, to winning the funding, to reporting and closeout. She has also served on SBIR Study Sections that review and score grants and has also served as a grant reviewer for multiple other organizations, including MATTO, CTC@U. Wisconsin, and Inspiralia.
To meet with Laura, please contact Director, Faculty Entrepreneurship, Rana K Gupta.