In the second (Commercialization) stage of this process, a limited number of student projects are selected for commercialization grants and then placed on the path toward business formation and seed funding.

The selection criteria to be used by the external panel will include technical merit of the AT/QoLT project, but will also place strong emphasis on the business / market potential of the product and entrepreneurial motivation of the student team. The goal is to select those projects most likely to lead to new commercial products. Commercialization grants awarded to those projects are intended to carry them through company formation and technology commercialization, and prepare the new company for Seed or Series A funding.