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Uncle Sam to university inventors: School is in session

[The Kauffman Foundation] found that post-docs with entrepreneurial training served as critical bridges between the university and the businesses that were interested in licensing university technologies.

From Vivek Wadhwa of Washington Post:

“The National Science Foundation (NSF) announced at the end of July that it is setting up a public–private partnership to turn the most promising breakthroughs from its funding portfolio into successful start-ups. The partnership, called Innovation Corps (I-Corps), will teach participants the basics of entrepreneurship, connect them with mentors, and provide $50,000 in seed funding. This is essentially a Silicon Valley-style incubator for scientists and engineers.

If past is prologue, the vast majority of the start-ups to emerge from this program will fail. Even venture capitalists only claim to have a one-in-ten batting average. The government can’t possibly do better. But I am optimistic that I-Corps will be a game changer. In the long term, it will likely produce returns that are orders of magnitude greater than the $5 million per year that will be spent. That’s because it addresses one of the core problems of the university research system, narrowing the gap between science and innovation…”

READ FULL ARTICLE [web]
About the NSF I-Corps program [web]
NSF Innovation Corps Website [web]

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