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The University of New Haven partnered with the nonprofits FORGE and NextMinds.
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The partnership launched a program named Connecticut Invents.
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Connecticut Invents is designed to help young inventors develop ideas into viable products and businesses while earning an undergraduate degree.
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Paul Lavoie is the vice president of innovation and applied technology at the University of New Haven.
Paul Lavoie, vice president of innovation and applied technology
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"The problem that we were solving was that we had these brilliant inventions that were never commercialized because there was no path to commercialization."
Paul Lavoie, vice president of innovation and applied technology
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"How do we take these young kids who invent something that’s pretty cool and commercialize it, but then also provide a future for these students by giving them a four-year education and giving them an equity position in their own product and in the company that we create from their product?"
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Selected student inventors will receive a tuition-free undergraduate education at the University of New Haven.
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The university will oversee intellectual property protection, legal support and business development efforts related to the students’ inventions.
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FORGE will provide guidance on product development and manufacturing.
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The New England incubator NextMinds will identify promising inventors through its Invention Convention program, which reaches more than 10,000 K-12 students annually.
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The program will initially reach out to past Invention Convention participants whose inventions may be ready for commercialization.
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Applications for the Connecticut Invents scholarship will open in the fall for the following academic year.
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An independent board comprising representatives from FORGE, NextMinds, the university and industry partners will evaluate inventions and their market potential to select students for the program.
Paul Lavoie, vice president of innovation and applied technology
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"We want to get as many diverse opinions to look at these things and to be able to make recommendations. We’ll look at anything that a VC firm would look at, or a private equity firm would look at, if they’re going to invest in a patent or a company to determine the viability of it."
Paul Lavoie, vice president of innovation and applied technology
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"There’s incubators all over the place that anybody can bring an invention to, but it doesn’t bring in the getting-a-college-degree-while-you’re-building-your-company kind of element to it."
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Connecticut Invents will combine entrepreneurship support with a college education.
Paul Lavoie, vice president of innovation and applied technology
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"The role is really going to depend on what they’re really good at. Maybe they serve as the chief financial officer of the organization while they’re in college, maybe they decide they want to be an engineer, then maybe they’re the chief technical officer."
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The university will track program outcomes including the number and type of companies launched, revenue generated and the post-graduation success of student entrepreneurs.
Paul Lavoie, vice president of innovation and applied technology
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"What we do know, though, is they don’t have the capacity to do the whole thing. They don’t have the capacity to run a business, they don’t have the capacity to bring it to market. We need to surround them with the people that are going to be able to do that, and the university will be able to do that through our staff, our faculty and our executive-in-residence program."
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