The Impact Innovation Transformation Fellowship Program provides funding and support to develop early stage commercially viable businesses to the point where they can be attractive to other funders or generate revenues. During the Program, participants work with Idea Foundry’s seasoned management team, who have deep expertise in launching organizations as well as commercial business experience, and our advisors, which include seasoned business executives and leaders. An individual participant in the program receives up to $25,000 in cash and $25,000 in program services.
These business development services are customized for each participant and generally provided for up to 6 months. We also utilize our network of technical, commercial, and financial resources to assist you now and in the future.
In addition to the services, up to $25,000 in cash funding will be spent on resources used in developing the idea from a commercial perspective i.e. equipment, legal fees, etc. as required for development.