The Innovation Corps (I-Corps™) at NIH program is hands-on, real-world training designed to turn scientists into entrepreneurs. Phase I awardee teams spend 8 weeks outside the lab, learning to succeed in business through intensive in-person and online courses, mentoring, networking, and market research. Graduates are prepared to focus their business plans, reach their potential customers, and effectively demonstrate the value of their innovation.
Some of the program benefits include:
- NIDA provides funding up to $55,000 to cover direct program costs
- Training from biotech sector experts
- Expanding your professional network
- Building the confidence and skills to create a comprehensive business model
- Gaining years of entrepreneurial skills in only weeks
- Small business has an active NIDA Phase I SBIR/STTR award. It could be Phase I award, or Phase I portion of your Fast Track award
- Teams must be comprised of three members:
- A Chief-level corporate officer (e.g., Chief Executive Officer, or Chief Scientific Officer)
- The assigned program director (PD) or principal investor (PI) listed on the Phase I grant award
- An industry expert with a business development background in the target industry
For more detailed requirements, please refer to the eligibility section in the funding opportunity PA-19-029. For assistance with applications, view the sample application cover sheet and sample application excerpt.
For more information, view slides from the 2019 I-Corps at NIH Information Session or visit the FAQ page.