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Health funder ends commercialisation programme

The Canadian Institutes of Health Research is cancelling its Proof of Principle programme, a small fund dedicated to helping researchers commericialise their discoveries, according to reports in the Ottawa Citizen newspaper.

The programme provided around C$5 million a year to help researchers apply for patents, write business plans, and contact commercial partners. It is being phased out as part of the agency’s wholesale overhaul of its funding mechanisms and advisory structure.

The Proof of Principle funding is being folded into the agency’s main Foundation Scheme and Project Scheme grants, but some researchers worry that the loss of a separate pool of money for commercialisation work will make it more difficult to more discoveries from the lab to the market.

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