Who can receive funding?
Any currently enrolled undergraduate student at Northeastern.
What prototypes do we fund?
The intended use of the fund is to provide a financial resource to begin early stage development and testing of a product or service. We fund hardware and system-level prototypes and more generally, concept and/or product test runs.
Are there any restrictions?
The work to create the prototype should be almost entirely completed by the person who receives the award. We do not fund plans that fully outsource design and development. In addition, we do not fund supplies that provide value beyond the prototype (e.g. phones and tablets). Lastly we do not fund ongoing costs or employee salaries.
How much funding can I receive?
We award funding in any amount up to $1,500. Projects that have received a $1,500 grant and have demonstrated completion of milestones set in previous application are eligible for up to $3,000 in funding.
Can I apply more than once?
Yes, you can receive funding more than once contingent on a review of the outcome of your first award.
If funded, how long will it take to get my money?
The committee is comprised of members from IDEA, Origin and Generate. The committee will review the fund only after the deadline. Once the committee goes through its due diligence process, we will reach out to each applicant with the decisions. From this point, it will take about one month to receive the funds.
Any other information I should know?
Yes, the committee is excited for your application and expects a diligent effort from each applicant. Please be as technically detailed as possible when filling out the application.