Twenty-five teams have been awarded funding from the National Science Foundation (NSF) to assist with transitioning emerging technology concepts into economically viable products. This is the second round of Innovation Corps funding, a program NSF started in 2012.
The awards draw upon discoveries previously supported by NSF research grants.
Each team will receive $50,000 to begin assessing the commercial readiness of their technology concepts. NSF will also provide guidance from private- and public-sector experts, as well as a specially designed training curriculum for grantees.
“Earlier I-Corps teams are well on their way to commercializing their technologies,” said Innovation Corps program officer Errol Arkilic. “A number are already building their teams and new partnerships, and they are obtaining license agreements and negotiating third-party financing.”
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