New York State Biodefense Commercialization Fund

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Overview

The $40 million Biodefense Commercialization Fund, which was included in the FY2022 budget, was created to encourage and accelerate the development and commercialization of solutions for serious infectious disease threats, including COVID-19 and its variants, while fostering the creation of new life science businesses and supporting industry growth. The Fund offers grants to startups and academic centers that are developing promising diagnostics, vaccines, therapeutics, and such other innovations as epidemiological surveillance tools, environmental controls, and clinical care advances that address or mitigate infectious disease threats.

The Biodefense Commercialization Fund is intended to provide financial resources that will:

  1. Expand the state’s life science ecosystem to enhance employment opportunities;
  2. Bolster the ecosystem by identifying, developing, and supporting commercial advancement of promising scientific innovations that generate solutions in the critical area of infectious disease and pandemic resilience;
  3. Fast track advanced intellectual property (IP) from New York’s research institutions, accelerate the growth of companies across the state, and encourage companies from outside of New York to relocate to expand the state’s commercial life science industry;    
  4. Increase the state’s resilience to broadscale infectious disease threats; 
  5. Help to further position New York State as a safe, healthy place for people to live, work, and recreate; and
  6. Expand opportunities available to a broad range of innovative companies. 

Startup and early stage companies based in New York that have raised or are in the process of raising Seed, Series A or Series B funding are eligible to apply for grants ranging from approximately $1 million to $4 million.

Companies from outside of the state that meet the above qualifications may apply for funding, if they are committed to relocate to New York state.

Academic institutions based in New York with translational innovations that are on the cusp of moving into a commercial development phase are eligible to apply for grants of $250,000 to $500,000.

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Guidelines & Regulations

Guidelines

For more information about the Fund, please view the program guidelines, and the Code of Conduct to be followed by all members of the Fund’s Executive Committee, Expert Review Panel, and Mentors.

Regulations

Click here to view the Biodefense Commercialization Fund proposed regulations. Please submit any public comment on these regulations via email to Thomas Regan, Associate Counsel at [email protected]. ESD will be accepting public comment until Monday, November 22, 2021 at 5PM. 

Please note – these regulations are identical in substance to the Biodefense Commercialization guidelines published on this website.

 

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Objective

New York State has launched a $40 million Biodefense Commercialization Fund to accelerate the development and commercialization of innovations targeting infectious disease threats while fostering new life science businesses and industry growth within New York State.  The Fund is being administered by the New York State Urban Development Corporation d/b/a Empire State Development (“ESD”).

ESD invites Startup Companies and Academic Institutions to submit short proposals for the inaugural call for applications. Startup companies developing promising solutions to mitigate infectious disease threats and academic institutions with translational innovations on the cusp of moving into a commercial development phase are encouraged to apply. Of specific interest are solutions and approaches with high commercial potential.  

All grant awardees will be assigned an Industry Mentor to support advancement of their research programs and guide commercialization. Awardees will also have access to educational sessions offered by Columbia’s Lab to Market (L2M) Accelerator Network.

Please reference the ESD Biodefense Commercialization Fund Guidelines for additional detail.

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Areas of Interest

Applications for all therapeutic, diagnostic and digital epidemiology projects with a translational/commercialization trajectory are encouraged.  Special consideration may be given to small molecule therapeutics and novel platform diagnostics targeting COVID, its variants, or other infectious disease threats.

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Eligibility

Startup Companies
All startup companies must meet the criteria below to be eligible for funding. 

  • Based in New York State or relocating to New York State
  • Recently raised or in the process of raising Seed, Series A or Series B funding
  • Expect to remain and continue conducting business in New York State for a minimum of 3 years after completion of grant period

Academic Institutions
To qualify for funding, academic institutions must be based in New York State and utilize this funding mechanism to advance translational innovations towards commercialization and a near-term University exit.

More details about funding criteria for startup companies and academic institutions can be found in the Program Guidelines.

 

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Funding

The funding is a grant from the New York State Biodefense Commercialization Fund to advance commercial development of solutions for serious infectious disease threats. Applicants from Startup Companies are eligible to receive funding of $1 million to $4 million and Academic Institutions are eligible to receive grants of $250,000 to $500,000 (inclusive of Indirect Costs).  Final funding amounts will be determined by an Expert Review Panel and are expected to be applied to no more than three years of project expenses. 

Grant funding must be used for expenses directly related to the awarded project. The mechanism of funding and allowable use of funds are outlined in the Program Guidelines.

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Application Instructions

SHORT PROPOSAL INSTRUCTIONS:
Short proposals are due by 5:00 PM EDT on September 27, 2021.  Short proposals should be completed and submitted through an online form found at NYSBiodefenseFund.submittable.com. Information included in the Short proposal should be non-confidential. Applications received after the September 27 deadline will be rolled into the next application cycle.

Please allow time to create a Submittable account if you do not already have one.

1. Areas that will be covered on the online proposal form for both Companies and Academic applicants include:

  • Project Title
  • Project Lead (Scientific or Business lead)
  • Abstract
  • Project Team
     A list of the business lead (If applicable), clinical and basic scientists and their area of expertise. Please do not include full biosketches.
  • Project Description and Preclinical/Clinical Support
    A summary of the project with preliminary data, the current stage of development and plans to reach next inflection point.
  • Unmet Clinical, Environmental or Technical Need
    A brief description of the current need and desired use or indication. 
  • Competitive Landscape
    A brief description of solutions currently in use and how this innovation, if developed, is an improvement over currently available solutions.  
  • High-level Clinical Development Strategy
    A brief description of the clinical development strategy, including patient population and regulatory details.
  • Project Needs and Budget
    Describe the resources and expertise needed to progress the project and the amount of funding required to support this next stage of development (up to $4,000,000 for Companies; up to $500,000 for Academic Projects))
  • Intellectual Property
    List IP portfolio

2. Complete the online form for each section and submit by 5:00pm EDT on September 27, 2021.

REVIEW PROCESS:
Short proposals will be reviewed by the Fund Administrator for eligibility and then by an Expert Review Panel, which will score based on translational and commercialization potential, scientific and clinical merit and feasibility. A subset of applicants will be invited to submit a long proposal, which will require more detail regarding key research and development milestones, as well as a detailed budget.  Details of the long proposal application requirements and format will be provided to applicants invited to submit a long application.  
Awardees are expected to be announced in December 2021.
 

NOTE:
The review process will safeguard against any conflicts of interest on the review panel. All reviewers will be required to sign and adhere to a Code of Conduct and follow its requirements, which may require recusal under certain circumstances.

We suggest applicants provide sufficient information to allow for robust review of the project but should not disclose any information they are bound to hold confidential or chemical structures that have not yet been vetted through IP Counsel. If you have any questions prior to submitting an application, please reach out to [email protected].