Did you hear the State of the Nation Speech last week? President Obama talked of the need for support and encouragement of increased American innovation.
Hot on the heels of his address, the President has announced the launch of the Startup America initiative, a partnership of 20 organizations dedicated to increasing U.S. competitiveness.
Inventive students and college faculty members could benefit big time from this initiative, as one of these organizations, the National Collegiate Inventors and Innovators Alliance (NCIIA), has revealed a step-up in its support of U.S. university innovators and entrepreneurs.
The NCIIA, whose key funder and programmatic partner is The Lemelson Foundation, will award nearly one million dollars in grants to 23 universities in 14 states over the next two months.
NCIIA expects to fund and mentor an additional 200 student-led innovation teams in the next five years and anticipates the launch of 75 new technology ventures.
The funding boost builds on NCIIA’s venture accelerator pathway, which has funded and supported over 800 educational programs and student innovation projects at 200 universities, and helped launch over 100 student-originated technology companies.
Universities are the country’s invention engines, generating thousands of innovations each year. But a brick wall inevitably sets in unless a conduit emerges to commercialize these innovations and launching competitive companies.
The NCIIA fills this gap by offering faculty and student entrepreneurs a venture accelerator pathway. Here in the Bay Area, NCIIA-supported companies include:
GoodGuide™. Back in 2007, NCIIA awarded $44,000 to support a University of California-Berkeley project to develop a mobile technology that enables shoppers to enter the barcode of a product on their cell phone and bring up information on the social and environmental impacts of the product and the company that makes it. GoodGuide now employs over 20 people.
By providing would-be entrepreneurs with resources to develop their products as well as training and support to eventually market them, NCIIA’s focus on student innovation embodies the spirit of Startup America: to help home-grown entrepreneurs build businesses, create jobs, and fuel the economy.














