to the commercialization of the technology, and to the robustness of the current business model (whether or not it is built around a single technology). Applicants should also be clear in their expression of commercialization goals, the identification of gaps and deficiencies and the understanding of the resources that may be needed in commercializing a product or service.

Successful CTT applicants:

Typical successful CTT applicants are seeking to commercialize a product, service or technology and need the business acumen to develop the strategy and action plan to do so. A CTT applicant may just be getting started on his/her path to commercialization, and may have a longer time horizon to commercialization. He/she is, however, able to identify some key areas where they do not possess the knowledge or have the tools necessary to pursue full-scale commercial activities. For example, they may need assistance in identifying their competitive position vis a vis current products or market incumbents, or they may need assistance in building a financial or business model.

Following are some objectives focused by the CTT applicants:

Successful ACT applicants:

A typical ACT applicant is one who has demonstrated their knowledge, skills or experience in commercialization and that have in some combination developed and articulated an identified strategy tied to the achievement of their business goals. A successful ACT applicant may have already worked with partners or investors, may already be on a path to regulatory approval, or have a product that is either ready or on its way to being ready for market entry. ACT applicants are able to identify key barriers to market entry (e.g. ,the need for a regulatory design for a particular clinical trial which they are starting, or a team member that they need to recruit to round off their existing management team or an extended IP strategy based on core, already developed and protected IP.)

Applicants who have a clear addressable market, show evidence of demand for their product, been the subject of interest from current industry players; and applicants with clear, specific objectives that are achievable within the CAP timeframe and funding limitations, are more likely to be strong candidates for the ACT track.

Following are some objectives likely to be sought by ACT applicants:

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