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Proof of Concept
04.07 2006
Proof of Concept
The University of Southern Denmark, University of Aarhus and the faculty of Agricultural Sciences have together established a proof of concept project. Through the project the partners have the opportunity to develop inventions and technology that have commercial potential.
The project is co-financed by the Science Ministry and co-ordinated from the University of Aarhus.
Commercial development
It is the aim that research projects that receive proof of concept financing will later be capable of attracting companies and investors in order to commercially develop research results.
Proof of concept board
Science Ventures Denmark A/S is the representative in the proof of concept board that decides which projects will receive financial backing.
Proof of Concept
From Wikipedia:
Proof of concept is a short and/or incomplete realization (or synopsis) of a certain method or idea(s) to demonstrate its feasibility, or a demonstration in principle, whose purpose is to verify that some concept or theory is probably capable of exploitation in a useful manner.