Ignite, Cornell University’s gap funding series, will expand its innovation pipeline in the coming years using a $3 million annual infusion of funding from the provost’s office and a handsome donation from alum Peggy J. Koenig, chair of the private equity firm Abry Partners.
Cornell’s Center for Technology Licensing (CTL), led by Executive Director Alice Li, oversees and manages the gap funding series, which is comprised of four distinct but inter-related programs:
- Ignite Innovation Acceleration, a proof-of-concept fund.
- Ignite Startup Projects, a validation fund for existing ventures looking to get to the next level.
- Ignite Intern for Startups, which pays the cost of student interns for university startups.
- Ignite Postdoc for Ventures, which matches postdocs to promising technologies and pays them to build new companies.
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