Transaction Description:
AWARD DESCRIPTION: THE WOMEN'S INSTITUTE FOR SCIENCE ENTREPRENEURSHIP (WISE) AIMS TO OFFER UNIQUE OPPORTUNITIES TO WOMEN COLLEGE STUDENTS TO LEVERAGE THEIR EDUCATION IN STEM FIELDS TO EXPLORE NEW SCIENTIFIC CONCEPTS AND LAUNCH NEW BUSINESSES. BY OFFERING A MULTIDISCIPLINARY ENTREPRENEURSHIP EDUCATIONAL OPPORTUNITY, THE PROJECT PROMISES TO OPEN AND EXPAND CAREER TRAJECTORIES FOR PROFESSIONALLY UPWARD MOBILE WOMEN. THEY WOULD HAVE THE POTENTIAL TO POSITION THEMSELVES AS RESPECTED CONTRIBUTORS WHO HAVE OPPORTUNITIES FOR SUBSTANTIVE DIFFERENCES TO THEIR RESPECTIVE FIELDS, THEIR COMMUNITIES, AND WORLD-WIDE.PURPOSE: THE PROJECTS AIMS TO ADDRESS THE FOLLOWING : 1) DESPITE PROGRESS, WOMEN REMAIN UNDERREPRESENTED IN THE BIOMEDICAL SCIENCES; 2. THE UNDERGRADUATE YEARS ARE IDEAL GROUND FOR ENCOURAGEMENT AND RECRUITMENT OF WOMEN INTO THE BIOMEDICAL SCIENCES; AND 3) LONGITUDINAL MENTORING, PARTICIPATION IN ACTUAL RESEARCH, AND SHARING THE JOYS OF DISCOVERY ARE PROVEN METHODS TO GROOM TOMORROW'S SCIENTIFIC LEADERS IN THE HEALTH CARE FIELD.ACTIVITIES TO BE PERFORMED: WISE WILL CONNECT INTERDISCIPLINARY TEAMS OF STUDENTS, RESEARCHERS, FACULTY, AND BIOTECH ENTREPRENEURS TO WORK COLLABORATIVELY TO DEVELOP SYNERGY. WISE WILL WORK CLOSELY WITH THE FACULTY OF LCW, NYMC AND THE TOURO COLLEGE & UNIVERSITY SYSTEM, ALONG WITH THE ENTREPRENEURIAL, BUSINESS, AND SOCIAL VENTURE COMMUNITIES, FOR OFFERED PROGRAMS. THE PROJECT WILL BE IMPLEMENTED IN TWO PHASES: PHASE 1: LCW ENTREPRENEURSHIP EDUCATION AND NETWORKING: STUDENTS TO TAKE ADVANTAGE OF A MENU OF PLANNED ACTIVITIES BEGINNING IN THEIR FRESHMAN YEAR, INCLUDING: SPEAKER'S SERIES, ENTREPRENEURSHIP ROUNDTABLES, RESEARCH PAPERS, INTERNSHIPS, STARTUPNATION (AN ENTREPRENEURIAL-FOCUSED TRIP TO ISRAEL, WITH AN EMPHASIS ON THE STARTUP AND INVESTMENT CLIMATE IN ISRAEL AND SURROUNDING COUNTRIES), MENTORING, E-TREK (IN-PERSON AND VIRTUAL VISITS TO ENTREPRENEURIAL SETTINGS IN THE GREATER NYC AREA TO INTRODUCE STUDENTS TO STARTUP ENVIRONMENTS, ALUMNAE AND RESOURCES), SEED MONEY GRANT PROGRAM AND NEW VENTURE COMPETITION, AND STUDENT CLUBS FOCUSED ON ENTREPRENEURSHIP. PHASE 2: NYMC SCIENTIFIC TRAINING AND BIOTECH INTERNSHIPS: INTERNSHIP FOR 10 PROGRAM PARTICIPANTS, SUMMER RESEARCH (INTENSIVE 8-WEEK RESEARCH PROJECT UNDER THE SUPERVISION OF A FACULTY RESEARCHER), A YEAR-LONG UNDERGRADUATE EXPERIENCE, RESEARCH AND SEMINARS, REAL-WORLD EXPERIENCE, M.S. IN BIOMEDICAL SCIENCE & MANAGEMENT EXPECTED OUTCOMES: THE WOMEN'S INSTITUTE FOR SCIENCE ENTREPRENEURSHIP (WISE) IS A TRANSFORMATIVE PROGRAM THAT, IF SUCCESSFUL, WILL ALLOW FEMALE UNDERGRADUATES TO APPLY THEIR STEM EDUCATION TO CULTIVATE NEW SCIENTIFIC CONCEPTS AND LAUNCH NEW BUSINESSES. WISE AIMS TO CREATE A MULTIDISCIPLINARY ENTREPRENEURSHIP EDUCATIONAL OPPORTUNITY FOR STUDENTS AND LAUNCH CAREERS FOR ALUMNI WHO HAVE THE PROMISE TO MAKE SIGNIFICANT DIFFERENCES TO THEIR COMMUNITIES AND AROUND THE WORLD.INTENDED BENEFICIARIES: STEM TECHNOLOGY, WHICH IS A MAJOR DRIVER OF ECONOMIC DEVELOPMENT IN NEW YORK, BENEFITS DIRECTLY FROM STIMULATION OF NEW COHORTS OF TALENTED WOMEN TO ENTER THE FIELD. THIS PROJECT DRAWS WOMEN INTO NEW YORK MEDICAL COLLEGE AND OTHER ACADEMIC MEDICAL CENTERS IN NEW YORK, ENABLING IT TO OUT-COMPETE OTHER REGIONS OF THE COUNTRY WITH THE UNIQUE PROFESSIONAL OPPORTUNITIES AFFORDED BY THIS PROJECT. IN ADDITION, NEW YORK MEDICAL COLLEGE, WHICH ALREADY IS A MAJOR CONTRIBUTOR TO THE LOCAL ECONOMY, IS UTILIZING THIS PROJECT TO RECRUIT SIGNIFICANT NEW NUMBERS OF PROFESSIONAL WOMEN WHO WILL SERVE AS RESEARCH FELLOWS AND ENTREPRENEURS, FURTHER STIMULATING ECONOMIC DEVELOPMENT IN WESTCHESTER AND THE MID-HUDSON REGION. THROUGH OFFERING A MULTIDISCIPLINARY ENTREPRENEURSHIP EDUCATIONAL OPPORTUNITY, THE PROJECT PROMISES TO OPEN AND EXPAND CAREER TRAJECTORIES FOR NUMEROUS PROFESSIONALLY UPWARD MOBILE WOMEN. SUBRECIPIENT: N/A