How can the funds be used?
Keystone Innovation Grants can be used in a variety of ways including: seed capital for faculty and students to perform proof of concept efforts including: business plan analysis, marketing analysis, prototyping, patent research and filing, intellectual property, licensing and royalty agreements, and other uses to be approved by the Department of Community and Economic Development upon request.

Are there restrictions on how I use the funds?
Yes. Grant funds may not be used to:

• Support general administrative overhead at participating colleges and universities.
• Fund travel outside of the country.
• Perform building construction or renovation.
• Planned long–term (beyond grant–year) support of staff salaries.