Based on the National Science Foundation’s I-Corps™ program for Lean Startups, ICAP helps inventors and entrepreneurs take the right first steps in bringing new technologies and innovations to market.
ICAP includes FREE introductory training programs and counseling services offered through ICAP instructors and local SBDC counselors. ICAP helps startups identify potential customers and develop successful business models based on that knowledge. It is an ideal program for early-stage companies trying to prepare for eventual venture investment.
Space for this cohort is limited, so make sure to apply by the deadline. Please note that attendance by at least one team member is required for all three cohort events.
August 14, 2020 – Applications are due by midnight.
August 21, 2020 – Acceptance notifications and communication with the next steps and instructions, including how to prepare for the first session.
TBD – 6:00pm – 8:00pm – Introductory Conference Call
September 11, 2020 – 9:00am – 5:00pm – Initial Team Presentations
September 18, 2020 – Each team participates in a pre-scheduled telephone review of the team’s Customer Discovery Progress over the first week
September 25, 2020 – 9:00am-2:00pm – Final Team Presentations
During this introductory 2-week program, there is extensive work done outside the classroom. In addition to the class meetings and webinar, participants should expect to spend another 10-15 hours per week on customer discovery and course assignments. At the conclusion of the program, you will remain connected with your ICAP trainers and SBDC Business Advisors to continue your progress on the Five Steps to Startup Success over the following 12 months.
The introductory program is designed to generate a maximum impact over a relatively short duration and should be considered a required first step for anyone interested in commercializing a technology or product, whether through a startup or licensing arrangement. Some graduates of this cohort may be eligible to apply to NSF’s full National Seven-week I-Corps Program, which includes non-dilutive grants for customer discovery and prototype development. Additionally, this program can help teams develop better submissions for SBIR and CRCF grants from Virginia’s Center for Innovative Technologies.