New Fund Provides More Than $1.3 Million for Research Commercialization

Physics professor Paul Thibado's research led him to the discovery that naturally occurring graphene vibrations can be used to generate electricity.
FAYETTEVILLE, Ark. – The Chancellor’s Commercialization Fund has provided more than $1.3 million in funding to University of Arkansas researchers seeking to bring new technologies to the marketplace.
Established in March 2019, the fund has awarded 33 grants ranging anywhere from $5,000 to $50,000. The fund prioritizes aggressive teams with mature projects who are “progressing technologies toward real-world applications, providing critical, commercially relevant data or developing working prototypes.”
These grants have been used to provide support for postdoctoral students, graduate assistants, materials, travel expenses and other costs.
The $1 million annually allotted to the Commercialization Fund was made possible by a larger $23.7 million gift from the Walton Family Charitable Support Foundation to support research and economic development at the university and is administered by the Office of Economic Development.
One goal of the gift is to increase the university’s research volume by investing in highly productive faculty, research infrastructure and signature research areas developed by the Office of Research and Innovation.
As Chancellor Joe Steinmetz wrote in his Focus on the Future series, “Simply stated, the higher your research volume, or expenditures, the more likely you are to generate intellectual property with commercial applications.” As such, the grant also provides for additional investment in staff, programs, operations and outreach related to economic development and the commercialization of research.
Stacy Leeds, vice chancellor for economic development, said of the Commercialization Fund, “As envisioned, dozens of faculty have been able to transform an idea toward real-world application, often in partnership with a private sector partner."
One recipient of a commercialization grant was physics professor Paul Thibado, whose research led him to the discovery that naturally occurring graphene vibrations can be used to generate electricity.
Thibado saw there were commercial applications, but they involved designing and manufacturing silicon-based circuits, which was outside his area of expertise. Thibado explained, “Having access to the commercialization funds enabled me to bring others in to move the project forward. As a result, we are much closer to successfully developing a chip that can power miniature devices without using batteries.”
The Commercialization Fund is a subset of the larger Chancellor’s Fund. Three other funding categories are also available to U of A faculty: the Innovation and Collaboration Fund, which provides seed funding to support bold thinking and risk taking in connection with the university’s signature research areas; the Gap Fund, which provides start-up support for teams that have completed National I-Corps training; and the Humanities and Performing Arts Fund, which supports creative activity and innovation in the humanities and performing arts.
About the University of Arkansas: The University of Arkansas provides an internationally competitive education for undergraduate and graduate students in more than 200 academic programs. The university contributes new knowledge, economic development, basic and applied research, and creative activity while also providing service to academic and professional disciplines. The Carnegie Foundation classifies the University of Arkansas among fewer than 3 percent of colleges and universities in America that have the highest level of research activity. U.S. News & World Report ranks the University of Arkansas among its top American public research universities. Founded in 1871, the University of Arkansas comprises 10 colleges and schools and maintains a low student-to-faculty ratio that promotes personal attention and close mentoring.
Topics
Contacts
Hardin Young, manager of executive communications
University Relations
479-575-6850,
hyoung@uark.edu
Andy Albertson, Research and Economic Development
Research and Economic Development
479-575-6111,
aalbert@uark.edu
Headlines
School of Law Honors Graduating Award Winners
The U of A School of Law announces the class of 2023 graduation award winners. The awards recognize academic excellence, student elected awards and pro bono service.
Interior Architecture Student Jason Cote Wins Prestigious Gensler Brinkmann Scholarship
For this scholarship, Cote was awarded $5,000 to go toward his education. In addition, he was invited to participate in a two-month fellowship this summer at the Gensler offices in Las Vegas.
U of A Now More Accessible Option for Walmart and Sam's Club Associates
Through the program, Walmart covers 100% of the tuition and books for part-time and full-time Walmart and Sam’s Club associates across the U.S.
Doctoral Student Abass Oduola Selected for SEC Emerging Scholars Program
Abass Oduola, a cell and molecular biology/food science doctoral student in Bumpers College, has received a 2023-24 Emerging Scholars Fellowship from the Southeastern Conference.
Long Established Business Looks to Small Business Development Center for Guidance and Growth
Moving forward and needing help to create clarity about next steps for her yoga center, Andrea Fournet reached out to the Arkansas Small Business and Technology Development Center at the U of A.