12 Jun '11, 6am

Ocean Optics Launches New Blue Ocean Grants And Challenges Innovation Fund

Ocean Optics Launches New Blue Ocean Grants And Challenges Innovation Fund

Optical sensing solutions provider Ocean Optics has announced a new US$300,000 open innovation fund called Blue Ocean Grants and Challenges program, that seeks novel technologies especially in the areas of optical sensing with the potential for market commercialization. The grant will be available in two phases: Phase I grants are issued to fund further evaluation and development of technologies, with up to 10 grants of up US$10,000 will be awarded. Phase II grants are issued to mature a proposed technology through proof of concept in a way that enables the potential of market commercialization; up to two of these awards will be granted for up to US$100,000 each. The deadline for applications for the first round of funding ends on June 30, 2011. In addition to the cash awards, the Blue Ocean program affords applicants the opportunity to work with Ocean Optics ’ team to tra...

Full article: http://www.youngupstarts.com/2011/06/12/ocean-optics-laun...

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