Difference between revisions of "Organization:VentureWell (formerly NCIIA)"

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<span style="font-size:small;"><span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ed4d0d5d-1fad-2b1f-5c88-bdd3eb3f6bd7"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Founded in 1995, VentureWell (originally called the National Collegiate Inventors and Innovators Alliance, or NCIIA) with support from The Lemelson Foundation, founded by prolific independent U.S. inventor Jerome Lemelson had from its beginnings invention at its heart. Lemelson, a man who believed that invention was essential to American economic success and vitality, envisioned a program that would foster the next generation of collegiate inventors and help them bring their ideas to impact.</span></span></span></span>
 
<span style="font-size:small;"><span style="font-family:arial,helvetica,sans-serif;"><span id="docs-internal-guid-ed4d0d5d-1fad-2b1f-5c88-bdd3eb3f6bd7"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Founded in 1995, VentureWell (originally called the National Collegiate Inventors and Innovators Alliance, or NCIIA) with support from The Lemelson Foundation, founded by prolific independent U.S. inventor Jerome Lemelson had from its beginnings invention at its heart. Lemelson, a man who believed that invention was essential to American economic success and vitality, envisioned a program that would foster the next generation of collegiate inventors and help them bring their ideas to impact.</span></span></span></span>
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VentureWell's mission is&nbsp;''"to support technology innovation and entrepreneurship in higher education to create experiential learning opportunities for students and successful, socially beneficial innovations and businesses."''
 
  
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VentureWell's mission i<cite>s to cultivate a pipeline of inventors, innovators, and entrepreneurs driven to solve the world’s biggest challenges and to create lasting impact</cite>. They <cite>foster collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education and to provide unique opportunities for STEM students and researchers to fully realize their potential to improve the world.&nbsp;</cite>
  
 
With a growing membership of more than 200 colleges and universities from all over the United States, VentureWell engages more than 5,000 student and faculty innovators and entrepreneurs each year, helping them to bring their concepts to commercialization.
 
With a growing membership of more than 200 colleges and universities from all over the United States, VentureWell engages more than 5,000 student and faculty innovators and entrepreneurs each year, helping them to bring their concepts to commercialization.
  
VentureWell ‘pipeline’ provides nascent student start-ups with early stage funding, helps with business strategy development, mentoring and investment. VentureWell provides faculty with funding for courses and programs in technology entrepreneurship, opportunities for recognition and entrepreneurship education training and networking.
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VentureWell ‘pipeline’ provides nascent student start-ups with early stage funding, helps with business strategy development, mentoring and investment. VentureWell provides faculty with funding for courses and programs in technology entrepreneurship, opportunities for recognition and entrepreneurship.&nbsp;
  
= Products, Services or Resources =
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= Resources =
  
== For Institutions: ==
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== For Institutions ==
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<ul style="list-style-type:square;">
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<li><span style="font-size:small;">'''University Innovation Fellows:''' Leadership training for students focused on expanding the entrepreneurship ecosystem on campus.</span></li>
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<li><span style="font-size:small;">'''Course & Program Grants:''' $50,000 for courses or programs that support the development of market-driven, technology-based inventions and innovations.</span></li>
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<li><span style="font-size:small;">'''Sustainable Vision Grants:''' $50,000 for courses or programs in which breakthrough technologies are created and commercialized for the benefit of people living in poverty in the US and abroad.</span></li>
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<li><span style="font-size:small;">'''OPEN Conference:''' Annual convening of faculty and students focused on expanding entrepreneurship and innovation in STEM and Engineering disciplines within academia.</span></li>
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<li><span style="font-size:small;">'''Lean Launchpad Educators Training:''' Training for faculty to integrate customer and business model development techniques into entrepreneurship education.</span></li>
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<li><span style="font-size:small;">'''Research to Innovation:''' Training for research scientists to adopt skills for translating research into commercially valuable innovation.</span></li>
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</ul>
  
*'''University Innovation Fellows:''' Leadership training for students focused on expanding the entrepreneurship ecosystem on campus.
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== For Student Ventures ==
*'''Course & Program Grants:''' $50,000 for courses or programs that support the development of market-driven, technology-based inventions and innovations.
 
*'''Sustainable Vision Grants:''' $50,000 for courses or programs in which breakthrough technologies are created and commercialized for the benefit of people living in poverty in the US and abroad.
 
*'''OPEN Conference:''' Annual convening of faculty and students focused on expanding entrepreneurship and innovation in STEM and Engineering disciplines within academia.
 
*'''Lean Launchpad Educators Training:''' Training for faculty to integrate customer and business model development techniques into entrepreneurship education.
 
*'''Research to Innovation:''' Training for research scientists to adopt skills for translating research into commercially valuable innovation.
 
  
== For Student Ventures: ==
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*<span style="font-size:small;">'''E-Team Program:'''&nbsp;The E-Team Program provides&nbsp;funding, immersive workshops, and specialized coaching to student STEM innovators to help them move their inventions into the marketplace. Up to $25,000 funding per team.&nbsp;</span>
 
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*<span style="font-size:small;"><span style="font-family:arial,helvetica,sans-serif;">'''Xcelerator Program''': Part of the VentureWell pipeline that cultivates creators and&nbsp;entrepreneurs who can turn ideas into successful commercial products,&nbsp;The eight-month program provides necessary knowledge and skills, networking/partnership opportunities and coaching/mentoring to help innovators introduce products and services to target markets.</span></span>
*'''E-Team Program:''' Up to $75,000 in grants and training for student teams with innovative technology with scaleable commercial potential and societal benefit.
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*<span style="font-size:small;">'''ASPIRE: '''An intensive week-long workshop that prepares startups for the investments&nbsp;and partnerships&nbsp;necessary to launch their ventures.&nbsp;</span>
*'''Biomedical Competitions:''' Up to $10,000 in prizes for student biomedical innovations.
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*<span style="font-size:small;">'''BMEidea:''' With the BMEidea competition, the nation’s leading competition for biomedical and bioengineering students, we challenge students to pioneer a health-related technology that addresses a real clinical need</span>
*'''VentureWell:''' Venture development and investor readiness program intended to help NCIIA E-Teams develop their businesses to the point where they can secure their first formal round of financing.
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*<span style="font-size:small;">'''DEBUT: '''The National Institute of Biomedical Imaging and Bioengineering (NIBIB) and VentureWell support the Design by Biomedical Undergraduate Teams (DEBUT) challenge, a project that recognizes undergraduate excellence in biomedical innovation. DEBUT challenges teams of students in undergraduate biomedical education to solve real world problems in healthcare. Prizes of up to $20,000 will be awarded.</span>
  
 
== Partnerships ==
 
== Partnerships ==
  
*'''Epicenter''' is a partnership between NCIIA and Stanford out of which came the University Innovation Fellows Program and Lean Launchpad Educators Training.
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*'''GIST''': VentureWell is supporting delivery of the U.S. Department of State’s Global Innovation through Science and Technology (GIST) initiative, which empowers young innovators through networking, skills building, mentoring, and access to financing to develop startup solutions that address economic and development challenges.
*'''I-Corps''' is a training program provided by NCIIA under its partnership with the National Science Foundation to its grantees.
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*The '''I-Corps™ '''program was created by the NSF in 2011 to help move academic research it has funded to market. Through a dynamic collaboration with VentureWell, the NSF offers select participants from US academic laboratories the opportunity to participate in a special, accelerated version of Stanford University’s Lean LaunchPad course.
*'''Xcelerator''' is a training program provided by NCIIA under its partnership with USAID to its grantees.
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*'''Innovate Egypt:''' The goal of Innovate Egypt is to provide innovators with the training, mentoring, and resources they need to bring their ideas out of the lab and into the market. The program is designed for three-person teams located in Egypt that are comprised of: a Technical Lead, an Entrepreneurial Lead, and a Business Mentor. This program is focused on Graduate Students, Faculty, or Researchers in Science and Engineering in Egypt.
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*'''Cleantech University Prize (Cleantech UP)''': Business plan competitions provide aspiring student entrepreneurs with the mentorship, business development skills and training, and investor feedback to transform their clean energy ideas into impactful businesses. In collaboration with U.S. Department of Energy.
  
 
= Impact for Students and Campus =
 
= Impact for Students and Campus =
  
'''Since 1995 the NCIIA has:'''
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*With VentureWell’s support, almost 600 new courses and programs have been established across 160 campuses nationwide.
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*VentureWell has invested over $7.5 million in grants to over 500 student teams – and with that they’ve raised more than $620 million to launch new businesses.
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*More than half of the startup ventures VentureWell invested in are still in business today, operating in over 50 countries and reaching millions of people with ground breaking innovations.
  
*Funded 341 experiential courses and programs at hundreds of institutions throughout the United States
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<br/>'''2017 by the numbers:'''
*Funded 465 E-Team (innovative product development) projects that have resulted in more than 180 new businesses
 
*These businesses have leveraged more than $365 million in additional funding
 
*Engaged 2,000 students via E-Teams
 
*Partnered with government agencies and corporates to advance our mission
 
*Gained significant coverage from national media outlets and specialty outlets
 
  
<br/>'''2011-12 by the numbers:'''
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*$230,000 in grants awarded to 34 E-Teams
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*30 global teams attended the Xcelerator program in Nepal and Malawi
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*41 GIST Boot Camp teams in Peru and Vietnam
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*19 Moroccan Innovators attended the first CleanTech Innovation Chllenge
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*355 total teams have been trained in their programs&nbsp;
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*$115 mil. in funds raised by teams&nbsp;
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*$363,000 awarded in grants to faculty
  
*23 Course and Programs grants awarded ($606,640)
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= Contact Information =
*37 Advanced E-Team grants awarded ($544,623)
 
*11 Sustainable Vision grants awarded ($446,774)
 
*$1,598,037 total grants awarded
 
  
= Contact Information =
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To connect with VentureWell with a general inquiry, [https://venturewell.org/contact-us/ click here.]&nbsp;For more information, visit the VentureWell's website at [https://venturewell.org/ http://venturewell.org].
  
To connect with the NCIIA with a general inquiry, [http://nciia.org/contact/General%20inquiry/General%20inquiry%20about%20NCIIA click here.]&nbsp;For more information, visit the NCIIA's website at&nbsp;[http://nciia.org/ http://nciia.org/].
 
  
[[Category:Resources]]
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[[Category:Organizations]]

Latest revision as of 10:59, 2 June 2020

Overview

Founded in 1995, VentureWell (originally called the National Collegiate Inventors and Innovators Alliance, or NCIIA) with support from The Lemelson Foundation, founded by prolific independent U.S. inventor Jerome Lemelson had from its beginnings invention at its heart. Lemelson, a man who believed that invention was essential to American economic success and vitality, envisioned a program that would foster the next generation of collegiate inventors and help them bring their ideas to impact.

VentureWell's mission is to cultivate a pipeline of inventors, innovators, and entrepreneurs driven to solve the world’s biggest challenges and to create lasting impact. They foster collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education and to provide unique opportunities for STEM students and researchers to fully realize their potential to improve the world. 

With a growing membership of more than 200 colleges and universities from all over the United States, VentureWell engages more than 5,000 student and faculty innovators and entrepreneurs each year, helping them to bring their concepts to commercialization.

VentureWell ‘pipeline’ provides nascent student start-ups with early stage funding, helps with business strategy development, mentoring and investment. VentureWell provides faculty with funding for courses and programs in technology entrepreneurship, opportunities for recognition and entrepreneurship. 

Resources

For Institutions

  • University Innovation Fellows: Leadership training for students focused on expanding the entrepreneurship ecosystem on campus.
  • Course & Program Grants: $50,000 for courses or programs that support the development of market-driven, technology-based inventions and innovations.
  • Sustainable Vision Grants: $50,000 for courses or programs in which breakthrough technologies are created and commercialized for the benefit of people living in poverty in the US and abroad.
  • OPEN Conference: Annual convening of faculty and students focused on expanding entrepreneurship and innovation in STEM and Engineering disciplines within academia.
  • Lean Launchpad Educators Training: Training for faculty to integrate customer and business model development techniques into entrepreneurship education.
  • Research to Innovation: Training for research scientists to adopt skills for translating research into commercially valuable innovation.

For Student Ventures

  • E-Team Program: The E-Team Program provides funding, immersive workshops, and specialized coaching to student STEM innovators to help them move their inventions into the marketplace. Up to $25,000 funding per team. 
  • Xcelerator Program: Part of the VentureWell pipeline that cultivates creators and entrepreneurs who can turn ideas into successful commercial products, The eight-month program provides necessary knowledge and skills, networking/partnership opportunities and coaching/mentoring to help innovators introduce products and services to target markets.
  • ASPIRE: An intensive week-long workshop that prepares startups for the investments and partnerships necessary to launch their ventures. 
  • BMEidea: With the BMEidea competition, the nation’s leading competition for biomedical and bioengineering students, we challenge students to pioneer a health-related technology that addresses a real clinical need
  • DEBUT: The National Institute of Biomedical Imaging and Bioengineering (NIBIB) and VentureWell support the Design by Biomedical Undergraduate Teams (DEBUT) challenge, a project that recognizes undergraduate excellence in biomedical innovation. DEBUT challenges teams of students in undergraduate biomedical education to solve real world problems in healthcare. Prizes of up to $20,000 will be awarded.

Partnerships

  • GIST: VentureWell is supporting delivery of the U.S. Department of State’s Global Innovation through Science and Technology (GIST) initiative, which empowers young innovators through networking, skills building, mentoring, and access to financing to develop startup solutions that address economic and development challenges.
  • The I-Corps™ program was created by the NSF in 2011 to help move academic research it has funded to market. Through a dynamic collaboration with VentureWell, the NSF offers select participants from US academic laboratories the opportunity to participate in a special, accelerated version of Stanford University’s Lean LaunchPad course.
  • Innovate Egypt: The goal of Innovate Egypt is to provide innovators with the training, mentoring, and resources they need to bring their ideas out of the lab and into the market. The program is designed for three-person teams located in Egypt that are comprised of: a Technical Lead, an Entrepreneurial Lead, and a Business Mentor. This program is focused on Graduate Students, Faculty, or Researchers in Science and Engineering in Egypt.
  • Cleantech University Prize (Cleantech UP): Business plan competitions provide aspiring student entrepreneurs with the mentorship, business development skills and training, and investor feedback to transform their clean energy ideas into impactful businesses. In collaboration with U.S. Department of Energy.

Impact for Students and Campus

  • With VentureWell’s support, almost 600 new courses and programs have been established across 160 campuses nationwide.
  • VentureWell has invested over $7.5 million in grants to over 500 student teams – and with that they’ve raised more than $620 million to launch new businesses.
  • More than half of the startup ventures VentureWell invested in are still in business today, operating in over 50 countries and reaching millions of people with ground breaking innovations.


2017 by the numbers:

  • $230,000 in grants awarded to 34 E-Teams
  • 30 global teams attended the Xcelerator program in Nepal and Malawi
  • 41 GIST Boot Camp teams in Peru and Vietnam
  • 19 Moroccan Innovators attended the first CleanTech Innovation Chllenge
  • 355 total teams have been trained in their programs 
  • $115 mil. in funds raised by teams 
  • $363,000 awarded in grants to faculty

Contact Information

To connect with VentureWell with a general inquiry, click here. For more information, visit the VentureWell's website at http://venturewell.org.