The I2P® Program promotes a culture of technology innovation and entrepreneurship through technology commercialization competitions. The program provides a range of pathways for technology innovation including exposing university technologies to outside investors, aiding university technology spin-offs, and educating students about the innovation process. This last pathway is crucial, given that graduating students are the principal means of knowledge transfer from the university. The I2P® Competitions give students hands-on innovation experience, along with mentoring and feedback from experienced entrepreneurs on the UT-Austin faculty and from industry.
The I2P® Competitions provide the opportunity analysis and technology screening that is required to move an idea to market. This early stage due diligence plus the entrepreneurial network provided by the program equals an increased probability of success of new technology products. Based on the work done by student teams, university patenting efforts for certain technologies have been stepped-up, university technologies have been licensed, and new companies have been formed.
The I2P® Program aims to:
- Increase the opportunities to learn about and engage in innovation process.
- Provide a range of pathways for innovation including exposing university technologies to outside investors, aiding university technology spin-offs, and educating students about the innovation process.
- Include a multidisciplinary participant base.
- Utilize industry participation from various technology sectors.
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