ITEC Gains Funding in Support of Student Mentoring

in Digital Technology Sector, Entrepreneurship, School, SMG Hot Topics, Students
May 11th, 2010

Boston University’s Institute for Technology Entrepreneurship and Commercialization (ITEC) today announced the creation of the Kindle Student Mentoring Program at Boston University, which is funded by a $33,000 Course and Program grant from the National Collegiate Inventors & Innovators Alliance (NCIIA).

Dr. Jonathan Rosen, the Executive Director of ITEC, sees this as a transformative opportunity.

“Team-based, multi-disciplinary projects are a central part of our educational program at ITEC.” 

–Jonathan Rosen, Executive Director, ITEC

The student mentoring process aims to identify promising innovation, attract the appropriate mentor to the project, and monitor the progress from innovation to commercialization. The NCIIA grant will enable ITEC to recruit, train, and link volunteer mentors to student entrepreneurs interested in creating new ventures.The grant will also provide modest funding to student teams to develop preliminary prototypes, implementation plans, and funding strategies. Participants will be drawn from new and existing ITEC programs that reach across Boston University, including finalists in the ITEC $50K Business Plan Competition and student teams in the Clinical Innovation Awards Program.

“BU Kindle Student Mentoring educates and enables entrepreneurial students to achieve their commercial potential.” 

Vinit Nijhawan, Kindle Director, ITEC Director of Enterprise Programs and Special Assistant to the Vice-President of Research.

This program complements and extends the Boston University Kindle Venture Mentoring Program, launched in July 2009, which links mentors to alumni and faculty who have started companies. Mentors will work with students on a short-term basis to develop their business idea. Students who start companies can then graduate to longer-term venture mentoring. Mentors include CEOs of start-up companies, senior executives of established companies, and angel investors. Kindle Mentoring Programs are administered by ITEC and the Boston University Office of Technology Development.

About the Institute for Technology Entrepreneurship and Commercialization
The Institute for Technology Entrepreneurship and Commercialization (ITEC) provides a full range of education, training, mentoring, and networking programs and opportunities that support the new entrepreneur. We are centered at the Boston University School of Management and serve as an educational resource to the entire university campus and to the local, national, and international communities.

The primary mission of ITEC is to develop, provide, and support multiple learning opportunities for the new entrepreneur. ITEC works with businesses, investors, policy makers, foundations, academic researchers, and students to design innovative new models that will help create sustainable enterprises to meet important global needs in healthcare, clean energy, information systems, and other technology sectors. www.bu.edu/itec.

About the National Collegiate Inventors and Innovators Alliance
The National Collegiate Inventors and Innovators Alliance (NCIIA) supports technology innovation and entrepreneurship in universities and colleges to create experiential learning opportunities for students, and successful, socially beneficial businesses. With a membership of nearly 200 colleges and universities from all over the United States, the NCIIA engages more than 5,000 student entrepreneurs each year, leveraging their respective school campuses as working laboratories and incubators for businesses and ultimately helping them to bring their concepts to commercialization. www.nciia.org.