Academics & Research

Center for Medical Innovation

How to Submit a Purchase Request

Congratulations on being awarded funding to de-risk your project. We are very excited to see the progress you will make on your projects over the course of this year's program. Below are a few guidelines that will help you navigate using your newly awarded funds.

RULES FOR SPENDING YOUR GRANT

Funds are to be used for “de-risking your technology” and proving the viability of your product. Funding is to be primarily used for customer discovery.

  • You have until May 1, 2020 to use your funds
  • You may not hire students or employees with I-Corps funding.  This includes compensating survey participants for participating in a customer discovery interview.
  • You may not use I-Corps funding to purchase off-the-shelf electronics.
  • CMI will not process reimbursements for I-Corps purchases. (see below for more information about submitting a purchase request).  Only travel can be reimbursed.
  • Each I-Corps participant has been assigned a team number - be sure to save your team number, as you'll need to refer to it for all purchasing requests
  • Only domestic travel is allowed. 

Any questions regarding funding uses may be directed to

Justin Brunson
Assistant Director, Center for Medical Innovation
justin.brunson@hsc.utah.edu

HOW TO SUBMIT A PURCHASE REQUST

You can spend your funds using several different University approved methods. For example: we can send a check through the University Accounts Payable department, purchase products, pay vendors with purchasing cards or pay for approved travel (for customer discovery). You can read about the 4 different options below:

  1. I-Corps Payment to Company or Service Provider with Check
  2. I-Corps Payment to Company or Service Provider with Credit Card
  3. I-Corps Purchase of items from store or online with Credit Card
  4. I-Corps Reimbursement of Travel

IMPORTANT: The invoice must be billed to the Center for Medical Innovation or it cannot be paid. It cannot include any participant information (your name, team number, team name, company name, etc.). Instruct the vendor to address the invoice to:

University of Utah Center for Medical Innovation
10 North 1900 East
EHSL Room 22
Salt Lake City, UT 84112

 

I-Corps Payment to Company or Service Provider with Check

This form is to be used to pay a company that will do or has done work for your project. You cannot hire Students or Employees.

Steps to submit for purchase:

  • Click on the "Pay with Check" under the Submit Purchase Request tab and complete all fields.
  • Attach W9 from Company to be paid
  • Attach the Invoice from Company 
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I-Corps Payment to Company or Service Provider with Credit Card

This form is for work performed by a company that will accept a credit card as payment and has invoiced for the work performed.

Steps to submit for purchase:

  • Click on the "Pay with Credit Card" under the Submit Purchase Request tab and complete all fields.
  • Attach the Invoice from Company
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I-Corps Purchase of Items from Store or Online with Credit Card

This form is to be used to purchase items from a store or online for your project.  This is the most common form used.  All items are purchased for you by CMI and you will be informed when the items arrive for you to pick up.

Steps to submit for purchase:

  • Click on the "Online Order Request" under the Submit Purchase Request tab and complete all fields.
  • Attach a PDF list of the items you would like purchased by name, quantity and cost. It is best to paste the actual links next to each item to ensure that the correct items are being ordered.
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I-Corps Reimbursement of Travel

This form is to be used for Travel Reimbursement.  Travel is a great way to identify and reach out to your target market, assess their needs and pivot your project to best serve customers.  We encourage teams to use their funds to do some market research.  Travel must be pre-approved, if you are attending a conference please justify how it connects to your project and how you might better assess the needs of the market by attending it.  All receipts must be the original receipt to be reimbursed.  Any copies cannot be accepted or reimbursed.

Steps to submit for purchase:

  • Click on "Travel Reimbursement" under the Purchase Request tab and complete all fields.
  • All receipts; hotel, airline and commuting (taxi, shuttle or metro) must be brought into CMI.
  • Attach itinerary from the trip or conference.
  • Attach the signed Itemized Travel Reimbursement form.
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I-Corps Workshop Dates

Date

Title

Session 1:
10/16/2019

Understanding customer need

Session 2:
10/30/2019

Customer discovery workshop

Session 3:
11/13/2019

Understanding customer needs & defining product requirement

Session 4:
12/04/2019

IP fundamentals

Session 5:
1/15/2020

Market validation

Session 6:
1/29/2020

Capital acquisition & venture strategies

Session 7:
2/12/2020

Pathways to market & revenue models

Session 8:
2/26/2020

Regulatory Strategy

Session 9:
3/18/2020

Review session & Team Reports

Session 10:
4/01/2020

Review session & Team Reports

All Workshops from 5:30-7:00pm
Dinner & Networking: 5:00-5:30pm