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Grants and In-Kind Services to USA IHEs to Assist
Students in the Development of Technological Innovations

E-Team Grant Program

Agency Type:

Foundation / Corporation

Funding Source:

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VentureWell

Conf. Date:

04/07/22

LOI Date:

03/23/22

Deadline Date:

05/04/22 11:59 PM ET

Description:

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Grants of $5,000, grants of $20,000, and in-kind services to USA and territories colleges and universities to assist students in the development of technological innovations with market potential. Funding is intended to support engineering or science-based innovations that have a positive impact on the world, are commercially promising, and scalable. Funds, training, immersive workshops, and specialized coaching are provided to student innovators and entrepreneurs to help move their inventions into the marketplace.

VentureWell is looking for teams with:

  • Social/Environmental impact: Inventions that will scale to address a pressing social, health, or environmental need. They fund innovations that can solve challenges including health, food security, energy, and climate change.
  • Science- and engineering-based inventions: An innovation that addresses a pressing social, health, or environmental challenge.
  • Intent to Commercialize: A strong commitment to exploring commercialization of innovation.
  • Student team identified: Teams that include two or more students and a faculty advisor.

Teams who have never received Stage 1 funding and who have not attended the Pioneer training workshop must apply to Stage 1. Teams who have completed the Pioneer training workshop should apply for a Stage 2 grant.

The product is a fit for the E-Team grant program if:
  • It is a science/engineering-based invention that is different from other competing technologies
  • It addresses a large social, environmental, or economic problem
  • The team is committed to commercializing the innovation
Examples of the types of engineered, physical products VentureWell funds:
  • Biomedical devices, health care diagnostics, and/or global health technologies
  • Clean technologies related to renewable energy, energy storage, agriculture, or water
  • Green chemistry and sustainable materials
  • Technologies for low-resource settings (US and/or internationally) that address poverty and basic human needs such as affordable energy, clean water, sanitation, health and medical devices, agriculture, and other income-generating tools
  • Other compelling technologies beyond those listed above that meet the program criteria will also be considered if there is a strong and logical description of the product’s social or environmental impact.

GrantWatch ID#:

GrantWatch ID#: 181079

Estimated Total Program Funding:

$700,000

Number of Grants:

Each year, VentureWell funds approximately 50 Stage 1 teams and 20 Stage 2 teams.

Estimated Size of Grant:

Up to $25,000 in grant funding
- Unlock $5,000 in Stage 1 and $20,000 in Stage 2 grant funding to launch the venture. Grants are competitive, recognized nationally as a source of non-dilutive funding, and empower innovators to explore commercialization.

Sponsored training
- Attend a fully-funded training workshop and explore possible pathways for the venture. There is a bank of innovation curriculum that combines lean startup principles with company building, professional development, and individual cultivation.

Networking & mentorship
- Tap into the VentureWell mentor and E-Team network, with the potential to connect with investors and strategic partners who can transform the venture.

National exposure & recognition
- E-Team members have been named to the Forbes “30 Under 30” list, appointed as AAAS-Lemelson Invention Ambassador, and appeared in the New York Times, National Geographic, and more.

Additional Eligibility Criteria:

What are the minimum requirements to apply?
You need to have:
- A student-led team of at least two active and enrolled students at a VentureWell-member college or university who are committed to development/commercialization of the technology
- A technology innovation that benefits society (people or the environment)
- A Principal Investigator who supports and oversees the project
- Support of your university (Administrative Contact, most often in the Office of Sponsored Programs) and department (Chair)

VentureWell grants are awarded to colleges and universities, not directly to individuals and/or ventures. If you are a student with an innovation, you need a team, consisting of other students, a Principal Investigator, advisors, mentors, etc., in order to qualify for the E-Team Program. Individuals do not qualify.

To be considered for a Stage 1 grant, applicants MUST:
- Be US-based. This program is open to student-led teams from US-based colleges or universities, not for individual inventors. Grant funds are awarded ​to the institution, not directly to teams or ventures​. VentureWell does not accept applications from international universities at this time.
- Be from a VentureWell Member institution. Your university must be a VentureWell member at the time you submit your Stage 1 application. Membership is currently free. If members of your team come from different universities, at least one of these schools must be a VentureWell member and administer the grant.
- Be a team of two or more. Teams must include at least two active students (undergraduate, graduate, doctoral, or a student in some fellowship programs). Students should serve as the entrepreneurial leader(s) of a team, and should have a role in decision-making and leading venture development, regardless of the origin of the idea or invention.

You may apply for Stage 2 if:
- You have successfully completed the Pioneer workshop associated with your Stage 1 grant
- You demonstrate continuing commitment to move your technology towards commercialization
- You have at least two students on your team for the duration of the grant OR your academic institution agrees to continue administering the grant funds on your behalf
- You have university support in the form of a Principal Investigator and an Administrative Contact

Please note:
- Teams do not need to secure VentureWell membership in order to submit a Qualification Phase application.
- VentureWell membership is required to submit a Stage 1 proposal.

Examples of projects that are not a fit for the E-Team grant program:
- Web-based or mobile apps that are innovative or impactful
- Projects without a clearly articulated social and/or environmental impact
- Projects without any student involvement
- Faculty-driven projects in which participating students have no influence on resulting intellectual property (IP) or low decision-making power to apply learning from the E-Team workshops
- Pure research projects without any defined commercial intent, application, or potential
- Therapeutics and drugs
- Projects without a clear technology invention or innovation
- One-time projects that are not scalable
- Projects that do not involve an emphasis on entrepreneurship and/or that begin and end in the classroom. The student team leaders should show intention to move the technology beyond the classroom.

Pre-proposal Conference:

Register for an info session: April 7, 3pm ET: https://events.venturewell.org/eteam_info_april7

Pre-Application Information:

Important Dates:
Qualification Phase deadline: March 23
Stage 1 and Stage 2 deadline: May 4
Pioneer workshop: July 28-29
Propel workshop: August 11-12

Qualification Phase application (optional) - Get personalized feedback and application support! Applicants are strongly encouraged to take advantage of this opportunity to strengthen your Stage 1 proposal prior to submission.

Qualification Phase applications are accepted on a rolling basis, year-round. Teams who submit an application between Dec. 16, 2021 – Mar 23, 2022 will receive feedback in time to incorporate into their Summer 2022 Stage 1 grant application.


All applications must be submitted via VentureWell’s online proposal system. Any member of your team may serve as the applicant on a submission. All deadlines end at 11:59 pm Eastern Time on the deadline date unless otherwise indicated.

It is recommended that you start your proposal at least 4 weeks before the deadline to leave ample time to edit and proofread, gather letters of support and resumes, and verify institutional support. VentureWell membership IS required to submit a Stage 1 proposal.

If your team is accepted into Stage 1 of the program two student team members (the student team leader plus one additional team member) will be required to attend the Pioneer workshop.

The E-Team Qualification Phase gives student teams the opportunity to receive a rapid response on the fit and eligibility of their innovation for the E-Team program, as well as receive personalized feedback, before completing a full Stage 1 grant proposal. Only teams who are planning on applying for a Stage 1 E-Team Grant should submit a Qualification Phase application. Stage 2 applicants should not submit a Qualification Phase application.

While the Qualification Phase is optional, VentureWell strongly encourages teams to take advantage of this opportunity to vet the eligibility of your innovation or invention with the goal of strengthening your Stage 1 proposal prior to submission. If your innovation is a good fit for the E-Teams Program, you will be invited to submit a Stage 1 proposal.

VentureWell grant funding is awarded to your college or university. Grant funds are administered by an institution’s office of sponsored programs or an equivalent entity.

FAQs:
https://venturewell.org/student-grants/e-team-program-frequently-asked-questions/

Guidelines Qualification phase:
https://venturewell.org/qualification-phase-guidelines/

Guidelines Stage 1:
https://venturewell.org/e-team-stage-1-guidelines/

Guidelines Stage 2:
https://venturewell.org/e-team-stage-2-guidelines/

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Apply Online:
https://community.venturewell.org/VWCommunitiesLogin?target=ulysses

If you have any questions about the E-Team program, please email Cara Barnes, Senior Program Officer, at cbarnes@venturewell.org.

VentureWell
100 Venture Way
Hadley, MA 01035

URL for Full Text (RFP):

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