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As mentioned by other people, this is a call for proposals to initiate a pilot project (https://transitinnovation.org/challenge/covid https://transitinnovation.

As mentioned by other people, this is a call for proposals to initiate a pilot project (https://transitinnovation.org/challenge/covid https://transitinnovation.org/challenge/covid) with various transit entities in NY state. The phrase "proof of concept" on the page refers to determining how the prototype or product would be implemented with each transit partner. There is a demo day with judges, however this is for startups or teams that have a prototype or later stage, not for validating an idea or discerning product-market fit (which is normally where an early stage incubator or accelerator would fit). They did have an accelerator program - but the deadline for that was Dec 19 2019 (https://transitinnovation.org/lab https://transitinnovation.org/lab). As with anything legal, have your own lawyer review it prior to signing. If you meet the criteria and have been invited to apply, contact them and set up a meeting to ask them detailed questions. Best of luck!

puzzled_by_ny 6y ago
You conveniently skipped over the part where they require you to grant an irrevocable and transferable license to your IP for up to two years with the express ability of reproducing and using this IP. That is not a trivial matter at all. For example, they could take your IP and transfer the license to company B. They could then ask company B to make 1,000 of your widgets for "testing"...which really means using. They could do so for about two years. At the end of two years you have derived zero benefit from a thousand of your widgets being manufactured and used to solve a problem, the market changes, someone circumvents what you created (maybe company B) and you find yourself filing for bankruptcy protection. This isn't a small matter at all. If we remove this requirement your comment might be applicable. Otherwise, you are posting a comment about something this thing is not.

puzzled_by_ny 6y ago

You conveniently skipped over the part where they require you to grant an irrevocable and transferable license to your IP for up to two years with the express ability of reproducing and using this IP. That is not a trivial matter at all. For example, they could take your IP and transfer the license to company B. They could then ask company B to make 1,000 of your widgets for "testing"...which really means using. They could do so for about two years. At the end of two years you have derived zero benefit from a thousand of your widgets being manufactured and used to solve a problem, the market changes, someone circumvents what you created (maybe company B) and you find yourself filing for bankruptcy protection. This isn't a small matter at all. If we remove this requirement your comment might be applicable. Otherwise, you are posting a comment about something this thing is not.