IDEA, Northeastern's student-run venture accelerator, announced today the start of a new Prototype Fund -- a joint effort by IDEA and the Center for Research Innovation (CRI) to advance the rapidly growing entrepreneurial atmosphere at Northeastern. The announcement came during IDEA's standing-room-only NEXPO event, which showcases student-run businesses and entrepreneurship.
"The prototype fund is a an exciting opportunity to help early stage innovations get to the next level," said Tracey Dodenhoff, Director of the CRI. "These funds will give awardees the ability to further evolve an idea, enabling innovators to test their concept and gain market feedback, which we believe will result in more start-up ventures."
"The collaboration between the Center for Research Innovation, IDEA, and the Entrepreneurs Club is tangible evidence of the Northeastern innovation and entrepreneurial ecosystem at work," Dodenhoff continued.
The Prototype Fund will distribute up to three monthly awards of up to $2,500 to individuals or teams to aid them in developing a prototype. Administered by IDEA and underwritten by CRI, the fund is open to any current Northeastern student or alumnus/a who has graduated within five years. No prior relationship to IDEA or CRI is required in order to apply.
For more information about the Prototype Fund or to obtain an application, please visit: