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Paul Freet I-Corps Instructor Georgia Tech VentureLab
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$ time NSF Grants discoverydevelopmentcommercialization
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$ University Investors Industry NSF Grants time discoverydevelopmentcommercialization
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$ Valley of Death University Investors Industry NSF Grants time discoverydevelopmentcommercialization
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$ University Investors Industry NSF Grants time discoverydevelopmentcommercialization SBIR
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$ University Investors Industry NSF Grants time discoverydevelopmentcommercialization SBIR
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$ University Investors Industry NSF Grants time discoverydevelopmentcommercialization SBIR Ditch of Death
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$ University Investors Industry NSF Grants time discoverydevelopmentcommercialization SBIR Ditch of Death I-Corps Funding
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I-Corps Program Select 300 projects per year Provide bridge funding to SBIR stage Educate researchers/students on entrepreneurship In 7-weeks, get to go/no-go decision on commercialization
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I-Corps Funding $50,000 grant cap on overhead cannot pay PI must pay travel and conference fees SBIR I-Corps is considered pre-SBIR Successful I-Corps teams are highly successful in first time SBIR
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I-Corps Teams Principal Investigator (PI) must have NSF funding in last 5 years Entrepreneurial Lead (EL) Usually PhD student of PI Industry Mentor (IM) Either domain experience or entrepreneur experience Mentors can repeat the program
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Application/Selection Process Read the solicitation Participate in the introductory webinar Contact Paul Freet with intent to apply Compile a team Apply with 1-page tech overview + team bios Series of selection calls - entire team, be early Once selected - formal application http://www.nsf.gov/news/special_reports/i-corps/teams.jsp http://is.gd/YGdXXr
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I-Corps Nodes
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National Innovation Network Regional Nodes Georgia Tech Michigan SF Bay Area New York Washington Texas * Los Angeles * * New Nodes
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I-Corps Sites
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@ 20 GT I-Corps teams I-Corps South
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Lean startup classes, modeled on I-Corps Focus on Students (grad and undergrad) Georgia Tech, ATDC Alabama, Florida, UGA FSU, NC State, Auburn Startup Gauntlet I-Corps South Regional Program Startup::ThesisStartup::DiscoveryStartup::Validation
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Customer Discovery Customer Validation ? ✓ Startup::DiscoveryStartup::DiscoveryStartup::ThesisStartup::Thesis Startup:: Validation Startup Gauntlet Business Thesis Product Market Fit Repeatable Sales Process
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Application/Selection Process Read the solicitation Participate in the introductory webinar Contact Paul Freet with intent to apply Compile a team Apply with 1-page tech overview + team bios Series of selection calls - entire team, be early Once selected - formal application http://www.nsf.gov/news/special_reports/i-corps/teams.jsp http://is.gd/YGdXXr
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venturelab.gatech.edu @venturelab / @pfreet paul.freet@venturelab.gatech.edu 75 Fifth St NW, Suite 415, Atlanta GA 30308
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