Tuesday, February 5, 2013 - Los Angeles, CA – The USC Stevens Center for Innovation, whose mission is to support the creation of start up companies and commercially viable products emerging from research across the University of Southern California, announced today that six faculty led research teams received nearly $500K in gap funding to develop and commercialize their innovations.
The funds are part the USC Ideas Empowered Program, which is designed to bridge the gap between basic research and the marketplace by supporting both the idea and the innovator through mentoring and coaching, connections to resources and proof-of-concept funding of typically $50K-$100K. The program requires teams of USC faculty and graduate students to determine viability of their research becoming a product or company, demonstrate feasibility and develop a go to market strategy. The ultimate goal is to reduce any development and investment risks in order to attract outside funding within a year. For more information watch the USC Ideas Empowered Overview Video.
 | USC Stevens Center for Innovation Newsbites Article, Feb 05, 2013: Six USC Research Teams Complete Startup Boot Camp and Receive Nearly $500K to Commercialize Technologies | 127 KB |