Innovation Grants

Other grants for aspiring entrepreneurs:

VentureWellVentureWell: STEM students can receive up to $25K for their high-impact invention! Have them apply today! Our E-Team Program is a competitive national grant program that provides funding of up to $25,000 for students working to commercialize their high-impact science and technology inventions. In addition to the funding, E-Teams receive:

  • Hands-on & interactive training
  • The opportunity to take a step back from the lab and think honestly about the commercial potential of their innovation
  • Access to a national network of fellow innovators and entrepreneurs
  • Small group coaching from peers and our dedicated instructors

Detailed guidelines are here and FAQ here. The application deadline is May 3. Apply here.

Westly Foundation LogoWestly Prize for Young Innovators: The Westly Foundation offers $20,000 grants to young California residents with innovative ideas to "make the world a better place." They reward innovators who "have not received major recognition or substantial outside investment."

Lemelson-MITLemelson-MIT Prize: Each year the Lemelson-MIT program awards a $500,000 prize to a mid-career inventor who has developed at least two patented products or processes of significant value to society, which have been adopted for practical use (or have a high probability of being adopted). The program also makes Student Prize awards ranging from $10,000 to $15,000 available to undergraduate and graduate student inventors. Peer nominations for the $500,000 prize are due November 30, 2016.

Thiel Fellowship: The Thiel Fellowship awards $100,000 in grants to talented young people who want to build new things instead of sit in classrooms. Grantors select between 20 to 30 new Fellows each year, and if you're working on a project or company, you can apply here. Thiel will fly top candidates to a summit in San Francisco later this spring to learn more about what you're working on and introduce you to some of Silicon Valley's top entrepreneurs and investors. Additionally, if you're interested in summer internships with any of our fellows' companies, fill out this form, and Thiel will try to match you with an appropriate company.