Sunday, 27 October 2013

US Science Foundation Innovation Corps is Scaling

When Steve Blank did a keynote at Startupbootcamp Demo Day last year, I had a chance to chat with him about the differences between Western Europe and the Western part of North America. Steve said that he thought that academic institutions in the US were moving further ahead working with private entrepreneurs rather than trying to go it alone. Looking at the presentation that Steve made on Friday, it looks like the US National Science Foundation accelerator is doing a lot to grow the hardware sector. The key is indeed to get the balance right. "The irony is that while the U.S. government has had a robust national science and technology policy, it lacks a national industrial policy; leaving that to private capital. This approach was successful when U.S. industry was aligned with manufacturing in the U.S., but became much less so in the last decade when the bottom-line drove industries offshore. In lieu of the U.S. government’s role in setting investment policy, venture capital has set the direction for what new industries attract capital".

There does seem to be progress. This is quote from Steve's blogpost today. Food for thought.

This is the start of the third year teaching teams of scientists (professors and their graduate students) in the National Science Foundation Innovation Corps (I-Corps). This month we’ve crossed ~300 teams in the first two years through the program.
I-Corps is the  accelerator that helps scientists bridge the commercialization gap between their research in their labs and wide-scale commercial adoption and use. I-Corps bridges the gap between public support of basic science and private capital funding of new commercial ventures. It’s a model for a government program that’s gotten the balance between public/private partnerships just right.
While a few of the I-Corps teams are in web/mobile/cloud, most are working on advanced technology projects that don’t make TechCrunch. You’re more likely to see their papers (in material science, robotics, diagnostics, medical devices, computer hardware, etc.) in Science or Nature. The program pays scientists $50,000 to attend the program and takes no equity.
Currently there are 11 U.S. universities teaching the Lean LaunchPad curriculum organized as I-Corps “nodes” across the U.S.  The nodes are now offering their own regional versions of the Lean LaunchPad class under I-Corps.
The NSF I-Corps uses everything we know about building Lean Startups and Evidence-based Entrepreneurship to connect innovation to entrepreneurship. It’s curriculum is built on a framework of business model design, customer development and agile engineering – and its emphasis on evidence, Lessons Learned versus demos, makes it the worlds most advanced accelerator. It’s success is measured not only by the technologies that leave the labs, but how many U.S. scientists and engineers we train as entrepreneurs and how many of them pass on their knowledge to students. I-Corps is our secret weapon to integrate American innovation and entrepreneurship into every U.S. university lab.