The Weiss Tech House Innovation Fund is an in-house, mini-venture capital fund, run by a student Innovation Fund Committee. It is the gateway to funding and support from the Weiss Tech House. Each year the Committee awards approximately twenty grants of up to $5,000 to student inventors seeking funding to develop their innovative ideas, in addition to ongoing technical, legal, and business mentoring resources. All you need is an idea.
In order to apply all you need is an idea. We will provide the tech and business mentorship to help you execute on that idea.
Grants are given for free - no equity or loan is involved.
Meet other peers at Penn who have the drive to start great things like you. Become a part of the greater Penn start up community.
The Innovation Fund does not take equity in funded projects. Teams must consist of at least one member who is either an undergraduate student, graduate student, or faculty member at the University of Pennsylvania. Applications are accepted on a rolling basis.
The application starts online with answering a few questions to help us get a better idea of how your business is run and how the Innovation Fund can help you. Optionally, you can also link to a 2-minute Youtube elevator pitch to help us better understand your business. The link to apply is below.
If your project is selected, an Innovation Fund Committee member will become your project manager and will act as your liaison to the rest of the Committee. If she feels that you are ready to present your idea in front of the committee, she will prepare you for the pitch and question session.
Breath in and out. Pitch your idea to the Innovation Fund committee. Pitches last 10 minutes and are followed by a 10-minute question and answer session.
Accepted teams will receive an average of 500-1000 dollars and will have access to the Tech House’s technical, legal, and business mentoring resources.
Accepted team are expected to regularly update their project managers on their progress, participate in the Weiss Tech House's events and community, and show that they have received funding from the Innovation Fund on their company website.
Teams that are not accepted to the Innovation Fund will have the opportunity to pitch again during the following semester.