The New York City Regional Innovation Node aims to spur translation of fundamental research to the market place, to encourage collaboration between academia and industry, and to train funded faculty, students and other researchers to understand innovation and entrepreneurship.
The purpose of the NSF I-Corps TM 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 program begins with various teams submitting their entrepreneurial idea in the I-Corps application process. Each team consists of three members: The Entrepreneurial Lead, the Principal Investigator, and I-Corps Mentor
The Entrepreneurial Lead ( EL ) can be a postdoctoral scholar, graduate, or other student with relevant knowledge of the proposed technology and a deep commitment to investigating the commercial landscape surrounding the innovation. The Entrepreneurial Lead should also be both willing and able to support the transition of the technology, should the I-Corps project demonstrate the potential for commercial viability.
The Principal Investigator ( PI ) will be responsible for overall grant management. The faculty PI must have been awarded NSF funding within the last 5 years *. The technology to be developed must be linked to the prior NSF award.
The I-Corps Mentor ( IM ) will typically be an experienced or emerging entrepreneur who operates in proximity to the institution and is experienced in transitioning technology out of academic labs. The I-Corps Mentor may be recommended by the proposing institution or may be a member of the NSF-supported I-Corps Mentors network. The I-Corps Mentor will be responsible for guiding the team forward and reporting on its progress through regular communication with the cognizant NSF I-Corps Program Director.
The teams who have been selected make up the I-Corps cohort.
*The 5-year NSF funding linkage requirement is for National Cohorts only.