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Invent Penn State is a Commonwealth-wide initiative to spur economic development, job creation and student career success. Invent Penn State has backed nearly 50 emerging Penn State technologies and has provided startup funding to promising new ventures that were born out of the program. The Fund for Innovation jointly administers awards in partnership with commercialization grant programs in the academic colleges, including the Eberly College of Science Lab Bench to Commercialization Program, the College of Agricultural Sciences RAIN Grant Program, and the College of Engineering ENGINE Grant Program. The College of Health and Human Development, the College of Education, and the College of Information Science and Technology also have participated. Inventors from all colleges are welcome to participate, and their innovations may receive grants at various stages of commercialization. Along the way, the Invent Penn State team assists inventors in finding numerous resources, including accelerator programs like Happy Valley LaunchBox and the TechCelerator, Penn State Small Business Development Center resources, potential longer-term funding sources like Ben Franklin Technology Partners, and affordable operating space, like the incubator at Innovation Park. The Inc.U Competition is an undergraduate pitch competition where student startups compete for up to $30,000 in investment dollars for their companies.
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