Announcement
Entrepreneurial Faculty Achievement Awards

Sponsored by:
Vice President for Research
Office of Entrepreneurial Affairs

Entrepreneurial achievement is a very important part of university activity. It contributes to the vitality, prestige and economic growth of the university and has been shown to have a significant impact on economic growth in regions across the country. Recognizing the importance of entrepreneurial activity to the University of Cincinnati, as well as our region and state, two awards have been created for exceptional faculty achievement in promoting and maximizing the commercial potential and human benefits of university intellectual property and/or research as well as business development activities that support the expansion of markets, delivery mechanisms, and revenue streams for existing or new academic programs.

Awards:
The two categories in which awards will be given are:

1. Established Entrepreneur Award
For faculty with a record of five or more years of successful entrepreneurial ventures, based upon University research and/or intellectual property or business development activities that support the expansion of markets, delivery mechanisms, and revenue streams for existing or new academic programs.

2. Emerging Entrepreneur Award
For faculty who have successfully launched a new venture during the past 5 years, based on University research and/or intellectual property, or business development activities that support the expansion of markets, delivery mechanisms, and revenue streams for existing or new academic programs.

Selection Criteria:
Criteria for selection will include the following:

Established Entrepreneur Award

Documented history of establishing multiple business ventures, or one or more path-breaking ventures that have achieved major financial success in national or international markets or at UC Ventures based upon intellectual property, research, or academic business development opportunity that had a substantial university connection at the time of development Level of contribution as measured by sustained royalty/licensing/program revenue Five or more year record of successful commercialization of the products of research Demonstrated marketplace impact

Emerging Entrepreneur Award

Successful launch of a new commercial technology venture or license within the last five years Ventures based upon intellectual property, research, or academic business development opportunity that had a substantial university connection at the time of development Documented potential for market impact
Demonstrated marketplace advancement as measured by developmental milestones
Level of contribution measured through potential revenue to the university as determined by the professional market analysis
Application Requirements and Submission:

All applications must be submitted electronically on the form provided. Forms can be accessed at http://webcentral.uc.edu/eaward/apply.cfm.

Selection Process:
The Selection Committee will be comprised of previous winners of the award.

Information provided in the application should include non-confidential information regarding how the intellectual property licensing/assignment by UC and/or its affiliates led to enhanced product development or service. Verification of information will be requested if nominee is selected as a finalist for the award.

Nomination Deadline:
Nominations are being solicited for these awards at this time. Nominations deadline is February 1, 2008.. Self-nominations as well as nominations by colleagues are welcome.

Notification of Awards:
Awardees will be notified of selection by March 1, 2008.

Presentation of Awards:
The awards will be presented on May 13, 2008 at the Faculty Awards Celebration. Award recipients will also be honored at the Annual Center for Entrepreneurship Education and Research Banquet in mid May.

Questions should be addressed to:
Dorothy H. Air, PhD
Associate Senior Vice President for Entrepreneurial Affairs
Dorothy.air@uc.edu or 558-6054