Check out the new I-Corps... "The National Science Foundation (NSF) has established a new opportunity to assess the readiness of emerging technology concepts for transitioning into valuable new products through a public-private partnership. The NSF Innovation Corps (I-Corps) program will bring together the technological, entrepreneurial, and business know-how to bring discoveries ripe for innovation out of the university lab. [...] "The United States has a long history of investing in -- and deploying -- technological advances derived from a foundation of basic research," says NSF Director Subra Suresh. "And the NSF mission connects advancing the nation's prosperity and welfare with our passionate pursuit of scientific knowledge. I-Corps will help strengthen a national innovation ecosystem that firmly unites industry with scientific discoveries for the benefit of society." [...] The I-Corps program will initially support up to 100 projects per year, at $50,000 a project. "The Deshpande Foundation is pleased to be part of the NSF effort to bring innovators, mentors and entrepreneurs together in a meaningful way to create economic and social impact," says Desh Deshpande, Trustee, Deshpande Foundation."Born of MIT roots, mimicking our Deshpande Center I-Teams program (which was named by yours truly;-) Cool! (Of course, my fundamental question about this is why should taxpayer money be spent on something currently handled by angels, VCs, and private individuals and companies? It's a neat idea, but it's unclear to me why a bunch of politicos should meddle here...)
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