The University of California, Riverside is poised to become a hub of innovation with a recent grant from the federal government that will help researchers transform their discoveries into real world applications.
UCR has been awarded the prestigious National Science Foundation (NSF) Innovation Corps Site status and a $500,000 grant to provide in-house commercialization training to faculty and students over the next five years.
“The goal is to bridge the gap between public support of science and private capital funding of new commercial ventures,” said Rosibel Ochoa, UCR’s associate vice chancellor for technology partnerships. “This award solidifies UC Riverside’s advancement in the innovation and startup creation ecosystem. It provides a platform for ideas originating at the university to receive the training and support needed to promote paths of success for students, faculty and researchers.”
The NSF Innovation Corps (I-Corps) program prepares scientists and engineers to extend their focus beyond the university laboratory, allowing participants to accelerate research projects toward commercialization. The new award will allow 10 UCR teams per quarter to participate in “Startups for Innovators” workshops, where they will receive NSF I-Corps training on how to interview customers, engage with industry partners and develop ideas into a job-producing business. UCR participants will be eligible to receive up to $3,000 in funding to help develop an idea.