Stages of Commercialization & Funding

During the commercialization process, numerous Penn State administrative units and community collaborators provide mentorship, advisement and entrepreneurship training.

Proof of Concept

  • Awards of up to $75,000
  • Commercial application/Prototype development
  • Collaboration with academic college research program
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Proof of Relevance

  • Market potential assessed
  • Collaboration with Smeal College’s Farrell Center for Corporate Innovation and Entrepreneurship
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Decide Commercial Path

  • License to Industry or
  • Start a company
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APEX Program

  • Go-to-Market plan developed for promosing ventures by Smeal MBAs
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Entrepreneurship Training

  • Based on Lean Startup Methodology
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Venture Launched

  • Jumpstart Awards of up to $75,000

  • Office of Technology Management
  • Office of Entrepreneurship and Commercialization
  • Innovation Park
  • Law – Entrepreneur Assistance Clinic
  • Law – Intellectual Property Clinic
  • Smeal College of Business
    • APEX Program
    • Farrel Center for Corporate Innovation and Entrepreneurship

Partners