The National Science Foundation (NSF) has awarded a major grant to The University of Texas at Austin to expand the Innovation Corps (I-Corps™) program, a national network of public-private partnerships to transition fundamental science and engineering discoveries to the marketplace.
The new Texas hub in the I-Corps system, known as the Southwest Alliance for Entrepreneurial Innovation Node, will link The University of Texas at Austin, Rice University and Texas A&M University. Dr. Juan Sanchez, Vice President for Research at UT Austin, is the grant’s principal investigator, and Dr. Robert Peterson, Associate Vice President for Research and Director of the IC² Institute, is Co-PI. Heath Naquin will serve as Executive Director for the new I-Corps Node.
An additional I-Corps node was also announced to serve Southern California. The Texas and California grants, $3.75 million each over three years, will support innovation education, research and infrastructure in their regions. These new innovation hubs will join five existing I-Corps regional nodes located in the Washington, D.C., New York City, Michigan, Northern California and Atlanta areas.
In 2011, NSF created the I-Corps program to train NSF-funded researchers to evaluate their scientific discoveries for commercial potential. Since then, more than 167 institutions have participated, and 319 teams, typically with three people each, have completed the intensive seven-week training. Those teams have launched more than 163 small businesses that are moving technologies born in academia into the marketplace.
“The universities that form the new nodes in Southern California and Texas have long legacies as incubators for great American innovations,” said Pramod Khargonekar, NSF’s assistant director for the Directorate for Engineering, which oversees the I-Corps program.
“Each node will bring its own unique contribution and expertise, strengthening the National Innovation Network of mentors, researchers, entrepreneurs and investors” said Suzi Iacono, NSF’s acting assistant director for the Computer and Information Sciences and Engineering Directorate, which co-funds the program.
NSF also collaborates with other federal agencies, including the National Institutes of Health and the Department of Energy’s Advanced Research Projects Agency, to offer I-Corps training to their grantees.