The document discusses the STW Valorisation Grant, which provides funding for researchers to develop innovative high-tech businesses based on university or research institute knowledge. The grant has two phases: Phase 1 provides up to €25,000 for a feasibility study, and Phase 2 provides up to €200,000 to implement the business plan over 2 years. Applicants must be employed by a university or research institute. Since 2004, 261 projects applied for Phase 1 funding, with 107 (41%) approved. Of those, 71 applied for Phase 2 funding, with 29 (41%) approved. The grant is part of the Dutch government's efforts to commercialize publicly funded research.