New Elements for International Idea to Product (I2P) Program
Illinois Institute of TechnologyThe University of Texas at Austin received NCIIA funds in 2003 to further develop their pre-existing Idea to Product Technology Commercialization Program (I2P™). NCIIA funding provided seed money to E-Teams generated by the I2P Competition process to help improve the quality of their products and prototypes and increase the potential for taking their ideas to market; helped faculty initiate an international intercollegiate component of I2P Program; and helped faculty develop a new, innovative Austin Technology Incubator Affiliate (ATI) initiative.
In 2005 NCIIA funded the I2P Program again, this time with money going toward strengthening and institutionalizing the international competition component of the I2P™ program and thus significantly expanding the potential number of E-Teams generated.
The International I2P™ competition is modeled after both the MOOT CORP® competition and the UT Austin I2P™ regional competition. It's designed to be a pre-launch, pre-business plan competition that assesses the market opportunity, technological feasibility, and intellectual property position of innovations from teams representing the leading research universities around the world. The competition has grown from six teams in its inaugural year to thirteen teams this year and will be expanded next year to at least twenty teams. To date, the UT Austin I2P competition, which also focuses on the creation of entrepreneurial ventures grounded in science and technology, has attracted approximately 200 teams made up of a mix of ethnically and gender diverse undergraduate and graduate students from a broad cross-section of UT’s colleges and departments
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