The University of Alabama at Birmingham has established a $500,000 innovation fund to support development of early stage discoveries and promising new university start-ups. Starting in January, Principal Investigators whose research has demonstrated commercial potential may apply for up to $35,000 in funding to further develop technologies including creating prototypes, conducting critical life science experiments, completing software coding or user interface development, initiating Beta testing and researching customer demand and market validation. Read more about the initiative here.