Stanford University HIT Fund Application Guidelines 2025

2025 HIT Fund Application

2025 HIT Fund application guidelines

HIT Fund application guidelines The HIT Fund awards are for Stanford University innovators whose work has progressed towards developing solutions for specific commercial applications. The awards are intended to provide the advisory support for the team to develop a business-centric mindset and funding for critical de-risking activities that enable the team to swiftly move from research innovation to technology transfer or securing startup funding. Please complete the application outlined in section two of this document and save as a single PDF file. Do not include confidential information in this application Maximum length: 20 content slides, minimum 12-point font size Title the PDF in this format: "Last name of Primary PI_First initial.2025.MM.DD Submit as an attachment via the HIT Fund Application Form: goto.stanford.edu/HITfund2025-26 Submission deadline: Sunday, June 22, 2025 before midnight PT Submission deadline: Sunday, June 22, 2025 before midnight PT 3

Guidelines for applying (contd) Eligibility o The project must have a clearly identifiable innovation component that has been previously disclosed to Stanford s Office of Technology Licensing (OTL) o Open to any Stanford school or institute o Current Stanford students, postdoc, faculty or staff members o Each proposal must have at least one faculty member as a principal investigator (PI) who can either be an active team participant or sponsor Examples of activities typically undertaken during the HIT Fund term Solution-focused development Commercial development o o o o o o o o o o o o Technology validation for first application Application specific prototype development Pilot/preclinical studies Manufacturing evaluation & planning 3rd party reliability and performance validation Patent strategy Market needs discovery/validation Economic cost/benefit analysis Industry value chain/clinical workflow analysis Regulatory & reimbursement strategies Industry partnership formation Pitch deck creation 4

HIT Fund award components Milestone Milestone- -based Funding based Funding While the maximum award is $250,000, the large majority of projects will be funded up to $150,000 Funding is intended to address only a minimal set of milestones minimal set of milestones most critical for technology transfer or external funding Milestones and budget will be reviewed and validated by external reviewers Advisory Support Advisory Support Robust commercialization expertise tailored to each team team advisors who understand your market and have zero-to-one experience, industry and domain experts, 1:1 sessions with SBIR and incorporation legal experts Hands-on business partner a dedicated MBA fellow, mentored by the HIT Fund, will embed with the team to lead the team to validate product/market fit hypothesis, a go to market strategy and a business model Guidance to develop and execute on a critical path spanning both technical and business aspects that derisks the issues most critical for investors Preparation for pitching develop a compelling story that can withstand investor/licensee scrutiny, vet with friendly VCs and receive warm introductions to relevant VCs/partners 5

Application preparation support Q&A Sessions o Sign-up for a session on the HIT Fund website o Sessions will be held on o Thursday, May 22nd, 4PM o Wednesday, June 4th, 10-11AM o Monday, June 9th, 2-3PM Hear stories from former and current PIs about how the HIT Fund helped them commercialize their technology o Monday, May 30th, 1-2PM o Register here One-on-one sessions o A limited number of sessions will be offered in in late May and early June o These time slots are posted on the HIT Fund website o Applicants expected to attend a Q&A session prior to a 1:1 session o Applicants must submit a draft two days prior to their scheduled session 6

Application evaluation process and criteria Review Process o A committee of the HIT Fund staff, external advisors, and affiliates will provide input to evaluation of applications o Finalists will present in-person to key internal and external advisors on a pitch day held between September 8-19th. Evaluation Criteria o Clearly identified market need o Compelling competitive advantage o Potential for a meaningful societal or economic impact o Key deliverables that will enable technology transfer or startup funding o Likelihood of success of the proposed deliverables within the budget and award timeframe 7

Terms and Conditions of the Award Inventions and Intellectual Property: Any new IP conceived or generated during the program must be disclosed to the Stanford Office of Technology Licensing (OTL). Milestones: Each project will have a set of critical deliverables with objective technical and commercialization milestones. Achieving each milestone is a key decision point for assessment of progress and continued funding. Publications: The HIT Fund must be cited in all publications and presentations that describe the work supported by the HIT Fund. Program Participation: Awardees may be asked to participate in HIT Fund events throughout the award period. Reporting requirements: o Quarterly reviews of progress against milestones with HIT Fund personnel and team advisors o Monthly calls with the HIT Fund team and team advisors, if appropriate o Final report presentation to Project Advisory Team 8

2025 HIT Fund application template Notes: Notes: For each content slide, retain slide titles but replace bullet point content For each content slide, retain slide titles but replace bullet point content prompts with your responses prompts with your responses Maximum length: 20 content slides, minimum 12 Maximum length: 20 content slides, minimum 12- -point font size Do not include confidential information in this application Do not include confidential information in this application Submission deadline: Sunday, June 22, 2025 before midnight PT Submission deadline: Sunday, June 22, 2025 before midnight PT point font size 9

Your project name and team Project name Primary PI Core team members and role each will play Aspiring startups please specify which team member(s) will go to the startup company

Innovation disclosed to OTL What is your core Stanford innovation on which the solution is based? Docket number? If not disclosed yet, when will you disclose? Is any of the current IP shared with external collaborators?

Vision Explain how your innovation could transform the industry/health care, in language that a non-expert reader would understand

Critical HIT Fund deliverables List the 3-5 critical deliverables which your team will achieve through the HIT Fund term. These should oEnhance the value and/or reduce the risk of the innovation oAddress key commercialization aspects Explain how each deliverable will position your team to raise external funds or out-license at the end of the HIT Fund term, e.g. oCustomer discovery to determine the best use case(s) and needed solution functionality oBusiness/market understanding to determine the path to commercialization oUser or pilot evaluation to demonstrate technology performance and/or scalability

Core innovation Describe the core innovation and its primary function 14

The problem What is the unmet need/customer pain? What is the best available solution (physical science) OR current standard of care (life science)? What customer discovery work has the team done to validate the problem? If not validated, include as a HIT Fund milestone.

The solution What is your solution and how does your developed technology enable it? What are the key technical features and innovations of the solution? Why will your solution win in the market? How will the key stakeholders be impacted by the adoption of your solution? What customer discovery work has the team done to validate the solution? If not validated, include as a HIT Fund milestone.

Potential market and early adopters What market or clinical indication are you targeting? Size? Who are your target early adopter customers? Size? Are there larger customer segments you can target later? If any of the above are TBD, include as a HIT Fund milestone 17

Commercialization strategy How does your solution fit into the existing industry value chain/clinical workflow? How will it be delivered to the customer? What are the critical partnerships you need for success? Has an initial techno-economic/health economic analysis been done? If so, what are the key takeaways? What are the preliminary approaches for regulatory and reimbursement (life sciences)? If any of the above are TBD, include as a HIT Fund milestone 18

Current technology status List major milestones the team has achieved in the development and de-risking of the technology Briefly summarize the solution performance data 19

Milestones and budget Referencing the 3-5 critical HIT Fund deliverables you identified earlier What milestones are required to achieve each deliverable? Specify the total amount of funding requested for the critical milestones Give a high-level breakdown of funds needed for each milestone 20

Funding List any previous funding you received for your technology What is your current and expected future funding 21