TECHNOLOGY COMMERCIALIZATION ACCELERATOR PROGRAM (TCAP)
TCAP (faculty, post-docs, and students) challenges researchers to validate the commercial applications for their research. Faculty, students and mentors 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 potentially profitable ventures. Teams that successfully complete the program will be awarded a $3,000 grant to continue commercialization work.
The program is modeled on the successful National Science Foundation Innovation Corps (I-Corps) program. The program is a joint effort by the FAMU-FSU College of Engineering, the Florida Institute for the Commercialization of Public Research, and Domi Station.
FALL 2016 - APPLICATIONS ARE CLOSED
We are accepting applications now and anticipate the schedule to be:
- August 1st : Program Announced
- August 26th : Application Deadline
- September 2nd : Team Selections Announced
- 7 Workshops, Thursdays, 5:30-7:30pm, September 8 th through October 20 th
Class involves two hours a week in a classroom setting, and up to five hours outside of the classroom on assignments.
The program is intended for all FAMU researchers who have a technology idea they believe may have commercial potential. A team will be formed consisting of:
- Entrepreneurial Lead (usually a student or post-doc)
- Principal Investigator (faculty member)
GRANT INFORMATION AND EXPECTATIONS
Teams must apply to participate in the program and if accepted will receive a grant up to $3,000 from the Division of Research. The funding is awarded at the end of the program, and is granted based on class performance and participation. The program will be conducted over seven weeks based largely on Lean Startup methodology. 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 assignments.
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.
The following minimum requirements are required 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
- Your technology must have proven fundamental scientific principles