Attention Student Entrepreneurs: Do you have an exciting technology that works in the lab? Would you like help to start a company to commercialize it? Would you like to test your prototype in a real-world environment?If you answered ‘yes’ to these questions, you should apply by Thursday, Sept. 17, for funding from a National Science Foundation (NSF) program aimed at supporting teams of students, faculty and industry mentors focused on commercializing technologies that are being developed on campus.
NJIT has recently been designated an NSF I-Corps Site and through the NJIT New Jersey Center for Innovation Acceleration will provide specialized training and mini-grants of up to $3,000 to teams interested in exploring the commercial viability of their ideas for products and businesses that are based on their own inventions or NJIT intellectual property.
Who is eligible for an I-Corps mini-grant?
I-Corps mini grants are available to teams made up NJIT students and faculty. Each team must have:
- an entrepreneurial lead (typically an NJIT undergraduate or graduate student(s))
- an academic lead researcher/adviser (faculty member)
- a mentor with significant entrepreneurial business experience
All team members must be able to participate for the six-month project duration.
The NJIT I-Corps Program Managers, Michael Ehrlich, associate professor of management, and Judith Sheft, vice president for technology and enterprise development, will provide assistance to applicants to complete their teams as necessary. You must have at least two team members identified to apply.
Learn the lean startup methodology – an approach that has significant advantages over traditional business planning and new product development approaches.
Get out of the building and spend the majority of your time talking to potential customers to discover how your technology could effectively solve customers’ unmet needs or pain points.
Make connections with experienced entrepreneurs and investors that can lead to potential follow-on support or collaboration.
Deadline for Submissions: Thursday, Sept. 17, 2015
Interviews of Finalists: Monday – Friday, Sept. 21-25, 2015
Announcement of Awards – Friday, Oct. 2, 2015
Mandatory Team Orientation - Friday, Oct. 16, 2015 (Common Hour)