In a joint effort between FAMU, FSU, Domi Station, and the Florida Institute for the Commercialization of Public Research, a 7-week Technology Commercialization Accelerator Program (TCAP) will be held January 22nd to March 5th, 2018 to help researchers (faculty, post-docs, and graduate students) learn about commercialization of their research. Faculty, and post-docs or graduate students will form teams to participate in a hands-on program designed to teach them how to test their ideas, understand customer demand, examine competition and develop partnerships to transition their ideas into profitable ventures. Experienced advisors and mentors oversee the teams and coach them toward success.
The program is modeled on the successful National Science Foundation Innovation Corps (I- Corps) program. (http://www.nsf.gov/news/special_reports/i-corps/ ) The program will be led by the Entrepreneurs in Residence (EIRs) in the Florida Institute for the Commercialization of Public Research, FAMU-FSU College of Engineering, and staff of Domi Station.
The program is intended for all FAMU/FSU researchers who have a technology idea they believe may have commercial potential. A team will consist of:
- Entrepreneurial Lead (usually a graduate student or post-doc)
- Principal Investigator (faculty member)
Teams must apply to participate in the program and if accepted will receive a monetary grant after completing the program (up to $3,000 for FAMU teams and up to a $1,500 match from the FSU Office of Research to $1,500 department match for FSU teams). The funding is intended to help with the costs of travel to visit customers, prototypes or other direct costs of participation. A time commitment of 6-10 hours per week is required, consisting of a 2-hour class each week, getting out of the office to conduct customer interviews, constructing a business model canvas, and other activities.
Participants in this program are much more likely to have full patent applications filed for their discoveries, more likely to receive other commercialization grants, and more likely to have their research commercialized. Other benefits to participants include:
- Discover new markets for technology previously unexplored.
- Gain an appreciation for what it takes to commercialize technology and the barriers to adoption.
- Boost self-confidence and presentation skills.
- Save years and money by accelerating understanding
- Learn more about further applications or new areas of research to pursue.
- Expand your network of valuable contacts with investors, customers, and mentors.
- December 12th : Program Announced
- January 16th: Application Deadline
- January 18th: Team Selections Announced
- 7 Workshops, Mondays, 5:30-7:30pm, January 22nd through March 5th
The following minimum requirements are needed to apply for TCAP:
- Project must be based on new, innovative, differentiating technology
- The project team must be formed around this technology
- Teams must fully commit to the time requirements and ground rules of the process
We expect to select 5-8 teams for this cohort.
Please address questions to Lawrence Tinker, mailto:firstname.lastname@example.org