The aim of the National Institute of Food and Agriculture (NIFA) I-FAST prize competition (the “I-FAST Competition” or the “Competition”) is to develop and implement the Innovations in Food and Agricultural Science and Technology (I-FAST) Program. USDA NIFA in partnership with the National Science Foundation (NSF) Innovation Corps (I-Corps) to provide entrepreneurship training to USDA NIFA grantees under this I-FAST program.
The goal is to identify valuable product opportunities that can emerge from NIFA supported academic research. Selected USDA NIFA I-FAST project teams will have the opportunity to concurrently participate in the educational programs with NSF I-Corps awardees.
Over a period of six months the USDA NIFA supported teams in the I-FAST program will learn what it will take to achieve an economic impact with their particular innovation. The final goal of the I-FAST Competition is to facilitate technology transfer of innovations that can make an impact in the marketplace and the global economy.
The USDA NIFA I-FAST Competition prize purse will be a maximum of $400,000. The prize purse will be divided among up to eight (8) teams for a potential $50,000 prize for each team. Prize purse funds are required to be used by winning teams to fully participate in the NSF I-Corps program curriculum. USDA NIFA reserves the right to award less than the maximum number of available prizes.
Pre-Application Open Period begins August 3, 2017 at 10:00 a.m. ET and ends September 8, 2017 at 12:00 a.m. ET.
Note: Innovation Gateway is leading the launch of the UGA I-Corps Site this Fall. For more information contact Ian Biggs, COO of the Innovation Gateway startup program, email@example.com.