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Innovation Corps Teams (I-CorpsTM* Teams) Program

0
Type
GRANTS AND FUNDING
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is tailored for innovators looking to transform scientific breakthroughs into viable market solutions. By applying, you gain funding, mentorship, and training designed to simplify and enhance the commercialization journey. You'll learn directly from experts who will help you identify market needs and develop a solid business model for your technology.

Receiving financial support can significantly accelerate your business's growth. These funds can go towards research, development, and marketing efforts, allowing you to focus on creating impactful products. Additionally, the experience and connections you build through this program will enhance your entrepreneurial skills and improve your chances of securing further investments in the future.

Participating is an excellent way to eliminate barriers that often stifle innovation. With this support, you'll quickly move from concept to creation, helping you bring your ideas to life while positioning your business for long-term success.

Financing Details

Type of Financing
The program offers grant funding. This means you receive money that does not need to be repaid, as long as you meet the program requirements.

Repayment Terms & Interest Rates
Since this is a grant, there are no repayment terms or interest rates involved. This provides peace of mind as you won’t have to worry about paying back the funds later.

Eligible Expenses
Funds can be used for expenses directly tied to the commercialization of your technology. This includes costs for research and development, market assessment, customer discovery, and other activities that help bring your product or service to market.

Ineligible Expenses
Funds cannot be used for general operational expenses, personal expenses, or activities unrelated to the project objectives stated in your proposal.

Fees
There are no fees associated with this program, making it a straightforward opportunity to secure funding without hidden costs.

Qualifications

  • Location: Available across the country.
  • Sectors: Open to all sectors.
  • Employees: No minimum or maximum employee requirements.
  • Company Revenue: No minimum or maximum revenue requirements.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications: None specified.

Description

The program offers funding, mentorship, and training to help you turn scientific research into market-ready products or services. You'll have access to experts who can guide you through the commercialization process, making it easier to navigate the path from idea to market.

You could receive financial support to push your innovations forward. The funding can be used for various aspects of your business, including research, development, and marketing. This program is aimed at reducing the barriers you might face when trying to bring new technologies to life, so you can focus on what matters most: growing your business.

By participating, you'll gain valuable insights into market needs, build connections with potential partners, and enhance your skills in entrepreneurship. It’s an excellent way to increase your chances of attracting further investments down the line and take your business to the next level.

Program Steps

  1. Visit the Program Website
    Start by exploring the program's official website for essential information and resources.

  2. Prepare Required Documentation
    Gather the following documents to support your application:

    • Business plan outlining your product or service
    • Financial statements (income statement, balance sheet, cash flow statement)
    • Proof of prior research funding, if applicable
    • Letters of support or intent from potential partners or stakeholders
    • Resumes of key team members highlighting relevant experience
  3. Complete the Application Form
    Fill out the application form on the program's website. Ensure all sections are completed accurately.

  4. Submit Your Application
    Review all documents and the application form one last time for errors. Then, submit your application online before the deadline.

  5. Prepare for Interviews
    If selected, get ready for interviews with program mentors. Practice explaining your project and business model clearly and confidently.

  6. Await Notification of Acceptance
    Be patient as you await confirmation. Keep an eye on your email for updates regarding your application status.

  7. Engage with the Program
    Once accepted, actively participate in mentorship sessions, training opportunities, and networking events provided by the program.

Visit Program Website