Cornell Tech’s inaugural Startup Awards were featured in popular tech news site TechCrunch.
Cornell Tech is introducing a new way for its master’s students to transform their ideas into real companies — those students can now compete in the Startup Awards, with winners receiving $40,000 in seed funding, as well as a year of free co-working space in The New York Times building.
At a campus event last week, Dean and Vice Provost Daniel Huttenlocher said that the aim of the awards is to “bridge that gap” between a promising idea and a venture-backed business. He noted that while some student projects had real potential, “No sane angel investor would invest in most of the things these students have done by the end of the summer” — at least, not on the kinds of terms that entrepreneurs would want.
Read the full article on TechCrunch.
