Funding for Startups
Officially launched in 2018, the Proof-of-Concept Academy is dedicated to developing investable, high-growth startups through comprehensive customer development and rapid prototyping over a period of up to 12 months. Up to 5 teams per year are accepted to this exceptionally demanding program which also acts a pre-investment due diligence vehicle for the Drexel Applied Innovation Seed Fund as well as Drexel Applied Innovation's downstream investment partners. Participating teams must consist of a dedicated entrepreneur lead (usually postdocs, graduate student or an entrepreneur) and a Drexel faculty member. Each team is awarded up to $50,000 in non-dilutive funding. Drexel entrepreneurial teams accepted to the NSF I-Corps Teams program are strongly encouraged to apply to the Academy.