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TXST I-Corps: Faculty Innovation Accelerator Program

TxSt I-Corps Site for Entrepreneurship
TxSt I-Corps Site for Entrepreneurship

THE EXPERIENCE

ASSESSING THE COMMERCIAL VIABILITY OF INNOVATIVE TECHNOLOGIES

I-Corps Program Goals

Drs. Jennifer Irvin and Jana Minifie received a National Science Foundation (NSF) Innovation Corps (I-Corps) grant in October 2018.  Under this grant,  teams of researchers and graduate students with STEM and/or STEM Applicable business concepts go through a market validation/customer development I-Corps program to increase the success of university-developed IP. After the closure of the NSF grant money, Texas State, seeing the value of the I-Corps program towards their R-1 Carnegie classification goal, is continuing the NSF I-Corps program through the TXST I-Corps: Faculty Innovation Accelerator Program that provides faculty researchers with up to $11,000 in non-equity funding. Jana coordinates the program along with Weston Waldo, a national I-Corps expert.


Topics Covered During Program

During the 3-week program, participants will learn about;

  • How to ask questions to validate their target market.
  • How to find individuals to interview.
  • Importance of the Business Model Canvas
  • Future funding sources such SBIR/STTR grants
  • Where to go next with your business.

     

Quotes from Previous Attendees

 “I am so grateful for this opportunity. The comments and suggestions we received from the closing session and throughout the cohort are invaluable!” H.H., Fall 2021 Cohort


 When asked about their favorite part of the I-CorpsTM training:

  • "Different teams share their thoughts of different business ideas, the plan, and the presentation."

  • "Getting to be around a lot of uplifting and supportive people that have entrepreneurial and business mindsets."

  • "Feedback from facilitators and faculty."

  • "Learning and seeing a model for business development."

What was the most valuable take away from the I-CorpsTM Cohort?

  • "How and why we need to do the customer interview."

  • "How to talk to people and approach people, how to talk about something without directly talking about it, and connections/networking."

  • "Learning how to focus on your target market, pain, purchase, and surveying potential customers."

    "The importance of finding what problem you’re solving for customers."

  • "It's ok to not know."

  • "The importance of market validation."

  • "Businesses need to see if their product can solve a problem."

Wanted: Visionaries, Innovators, and Problem Solvers

Next I-Corps Cohort

All meetings will be held via Zoom.  Links to be provided.

Spring 2023 - 

  • March Cohort: 9-11:30 am Fridays: 3/10, 3/24, 3/31
  • April Cohort: 9-11:30 am Saturdays: 4/8, 4/22, 4/29
  • May Cohort: 4-7 pm May 11, May 25; TBD May 18
  • June Cohort: TBD based on participants scheduling
  • July Cohort: TBD based on participants scheduling