The NSF Innovation Corps (I-Corps) program is designed to empower UMass Lowell faculty, researchers, and students to test the commercial potential of their research and ideas.
I-Corps also prepares scientists and engineers to expand their focus beyond the laboratory and increase the impact of basic research. There are two ways to participate in I-Corps @ UMass Lowell:
Teams start with research-based concepts and use interviews with potential customers to understand the potential of launching a startup. Site team ideas or projects can originate from student work, research (funded or unfunded), institutional, or industrial projects. All eligible projects must be STEM based.
Both faculty and students from University of Massachusetts Lowell, University of Massachusetts Medical School, University of Massachusetts Boston, University of Massachusetts Dartmouth and Middlesex Community College are highly encouraged to participate in this program.
This program provides participants with:
Apply Online! or Start I-Corps training now.
Supported with funding from the National Science Foundation (NSF) and run by the New Venture Development Office, the I-Corps program is specifically designed for participants working on projects related NSF I-Corps. Participants are not required to have previous experience in business or entrepreneurship in order to be accepted into the I-Corps program.
This grant provides NVD with annual funding for the next three years to distribute to selected I-Corps applicant teams. These funds will be split among 30 teams per year to help them move innovative research toward commercialization. Each team grant will last for one to three months and can total up to $3,000.
The I-Corps prioritization of identifying intellectual property with the greatest potential for social and economic impact and then moving it towards commercialization is directly in line with UMass Lowell New Venture Development’s mission.
I-Corps funds will be designated for such teams working on UMass-connected technologies, including:
Upon completion of the I-Corps Site program or as a stand alone opportunity, NVD supports participants that are eligible to apply for the NSF I-Corps Team program (an intensive six-week NSF training with the opportunity to be awarded a $50,000 grant). Contact UMass Lowell NVD for eligibility requirements after reviewing the information on the NSF I-Corps Teams webpage.
The goals of this program are to spur translation of fundamental research, to encourage collaboration between academia and industry, and to train students to understand innovation and entrepreneurship. The purpose of the NSF I-Corps program is to identify NSF-funded researchers who will receive additional support - in the form of mentoring and funding - to accelerate the translation of knowledge derived from fundamental research into emerging products and services that can attract subsequent third-party funding.
The UMass I-Corps will help facilitate team formation and find ways to help connect faculty with students, students with faculty, and all teams with industry-based mentors.
The outcome of the I-Corps projects will be threefold:
The go/no go decision of the proposed effort will be made by the I-Corps team (that includes the Principal Investigator, the Entrepreneurial Lead, and the I-Corps Mentor ) in consultation with the I-Corps Cognizant Program Directors.
For more information regarding the I-Corp program at UMass please contact Michael Laine by email: Michael_Laine@uml.edu.