The PSU UVDF is administered under three programs;
The Development Fund
This fund provides funding for technologies and research teams requiring small amounts of funding to develop a prototype, proof-of-concept, or other "demonstrations" of an innovative idea to spur on further development or interest in the technology.
The Promotion Fund
This fund provides faculty and research teams opportunities to travel to a company or conference to promote their innovation through targeted presentations. The fund is also used to support entrepreneurial education at PSU.
The Facilitator Fund
All startup companies face the daunting task of finding funding. The Facilitator Fund provides grants and seed funds to small companies that have licensed or will license PSU intellectual property.
Applications for UVDF funding are accepted on a rolling basis, and award amounts are based on availability and potential for impact.