Two UO science projects are the first to receive funding through private gifts to the new University Venture Development Fund (UVDF).
The UVDF is a state income tax credit program designed to help move today's campus research discoveries into tomorrow's businesses. Donors to the fund get a tax credit on their Oregon state income tax.
The initial projects chosen for funding support CAS science faculty research in two areas:
• Chemistry professor Mark Lonergan and graduate student David Stay received support to develop a prototype for new low-cost, high-efficiency lighting technology.
• Biology professor Terry Takahashi received funding to pursue a prototype for a new device that may lead to technologies for diagnosing the hearing capabilities of patients too young or too ill to indicate awareness of sounds.
These two projects represent the overarching funding goals of the UVDF: to utilize the potential of university research, train the next generation of entrepreneurial business leaders and help seed new businesses that will stay in Oregon.
Donors can receive a 60 percent tax credit by contributing to one or more funds at state-supported universities in Oregon. For details about the UVDF, visit uoventurefund.uoregon.edu.
Learn about ongoing research in human physiology.
