Changes

= <span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Name: I-Corps (Innovation Corps)</span></span> =

<li><span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Background</span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">: Students from Milwaukee universities attend a session</span></span></li><li><span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">How it works</span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">: Students apply to the program in the early months of the year. Once accepted, the student teams gather weekly for a series of five weeks to work through a “Lean Startup” process that moves their project ideas forward quickly and with a good foundation. Students receive a grant from the National Science Foundation (NSF) at the end of the 5 weeks to move forward with the project.</span></span></li><li><span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Mission</span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">: Funded by the National Science Foundation (NSF), the Milwaukee I-Corps Program offers researchers and entrepreneurs a chance to explore the viability of their technologies and ventures through the “Lean Startup” or “Lean Launch” process of direct engagement with the potential markets. Through a five-week workshop, participants are coached on designing and validating a business model around their idea and deciding whether the idea is a go/no-go decision based on their business model. &nbsp;Regardless of the go/no-go outcome, teams will develop valuable skills in discovering the market – skills that will inform their research, business, and careers. ([http://icorpsmilwaukee.orghttp://icorpsmilwaukee.org])</span></span></li><li><span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Entrepreneurial Tie</span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">: Pushes forward student projects by providing them with a model to follow in order to gain progress as well as funding to accomplish things like prototyping, marketing, etc.</span></span></li><li><span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Competitors</span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">: The Commons - I-Corps focuses on getting projects to the stage of prototyping, so the project can make changes and pivot if need be. They get the projects through the rough part of honing in and creating a viable solution.</span></span></li><li><span id="docs-internal-guid-df411d27-2c07-8e74-2fe2-a313f4021c3a"><span style="font-size: 11pt; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Outcome</span><span style="font-size: 11pt; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">: Students are encouraged to follow the inklings and create the ideas they think of. Students come out of I-Corps with the tools to move forward with prototyping and refining the solution the group has created. Students will also come out with the knowledge enabling them to reach out to additional investors to keep the project moving forward if that is what the group needs.</span></span></li>