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Big Ideas, Big Stakes
Date:4/3/2012

NEW YORK, April 3, 2012 /PRNewswire/ -- What's a great idea worth? For the university students in the NYU-Poly Inno/Vention Competition Sponsored by Time Warner Cable, the answer is more than cash prizes, awarded during an Empire State Building gala filled with business leaders. Students will also win patent assistance and space for their fledgling firms at one of the city's hottest new business incubators.

(Logo: http://photos.prnewswire.com/prnh/20091027/NY99197LOGO )

Now in its fifth year, the NYU-Poly Inno/Vention Competition Sponsored by Time Warner Cable encourages university students to develop ideas for technical innovations and inventions with high social impact. After two rounds of judging and submissions, 10 teams of finalists from Polytechnic Institute of New York University (NYU-Poly) and NYU will compete April 5, 2012.

Winners will be announced at a ceremony that same night in the Empire State Building during the Inaugural i-squared-e Gala, so named for NYU-Poly's commitment to invention, innovation and entrepreneurship. The gala will raise scholarship funds for NYU-Poly's Promise Fund, which has helped provide undergraduate degrees for more than 8,300 students since its inception.

The first-place teams in the graduate and undergraduate categories will win a residency at the NYU-Poly DUMBO Incubator, which opened in January to support digital and mobile media and gaming startups in Brooklyn. The incubator is sponsored by New York City, NYU-Poly and Two Trees Management. There, the students will work beside Brooklyn's first venture capital fund, Brooklyn Bridge Ventures, and more than a dozen entrepreneurs building their businesses.

"This contest was conceived to foster the i-squared-e culture that imbues NYU-Poly," said NYU-Poly President Jerry M. Hultin. "It has matured into a valuable additional pedagogical tool that provides students with acad
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SOURCE Polytechnic Institute of New York University
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