What is the RIT Student Incubator Program?
This unique RIT program allows selected students to integrate experiential learning projects into their entrepreneurship and innovation curriculum. These projects could entail advancing a student business or commercial innovation, working with other students on a product development team, or advancing a commercial application of a new technology.
Can I gain course or co-op credit for advancing an innovation or business concept?
Students who enter the Student Incubator Program are eligible for course or coop credit. Most student entering the program received course credit for their efforts. Additionally, with the support and approval of their home academic units, they may also gain co-op credit.
After receiving course credit, most students with a passion for their projects, continue their association with the student incubator on a non-credit basis.
What type of assistance can RIT provide for starting a business or commercializing a product?
In addition to existing RIT courses, students gain access to a dedicated coach and many of the resources available through RIT. Whereas RIT typically does not provide start-up funds, it does employ experienced professionals who have started and coached many businesses. These individuals prepare and introduce high potential student teams to the angel and professional investors who fund early companies. The student incubator also hosts alumni volunteers to provide insight into critical issues related to incorporation, team building, and partnering agreements.
Do I need a faculty sponsor?
While each student in the program receives a coach from the Simone Center, oftentimes teams require other forms of expertise—especially technology and design expertise. In these instances the student will need to reach out to technical expert faculty throughout the University. The Simone Center may be able to provide assistance with these efforts.
How do I apply to the program or what do I need to be accepted?
Not all student business and innovation projects are appropriate for the program. The program is intended to promote the advancement of multi-disciplinary student business projects. Most of the intended projects are innovation-related, scalable, and include technical, creative, and business related skills. Previous projects include websites and portals, software services, software, search engines, computer gaming, etc. Gaining a faculty sponsor is crucial to students entering the program. For more information see the Entry Requirements.