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59    INNO V AT O RS GUIDE  |  M ASS GENERAL BRIGH AM

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            11                                 Resources | funding














            Funding to support the validation, scale up or other translation steps
            have historically been among the most difficult to secure – despite their
            importance to a successful commercialization. A variety of funding
            opportunities may be available depending on the type and stage of
            technology development. Licensing Managers can assist in navigating the
            possibilities while protecting intellectual property throughout this journey.
            The following chart illustrates common scenarios and who to contact to
            get started.


            Budget process

            In all cases, it is recommended that the Research Management budget           Funding to support the validation, scale
            template be used to create the initial budget. It will incorporate the        up or other translation steps have
            appropriate fringe benefit rates for staff along with the required overhead.
            Estimating the correct budget at the beginning of the sponsor negotiation     historically been among the most difficult
            process is essential to building a trusted relationship. The budget template   to secure – despite their importance to a
            can be found on the internally accessed Research Navigator:
            https://partnershealthcare.sharepoint.com/sites/phrmResources/news/           successful commercialization. A variety
            Pages/105-NIH-Proposal-Submissions-New-RM-Budget-Template-with-               of funding opportunities may be available
            updated-MY-Fringe-Benefit-Rates.aspx
                                                                                          depending on the type and stage of
                                                                                          technology development. Licensing
                                                                                          Managers can assist in navigating the

                                                                                          possibilities while protecting intellectual
                                                                                          property throughout this journey.
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