October 18-20 | Tucson, AZ

The Research Institution GAP Fund and Accelerator Program Summit

Visit Event Site

WPI gets $3M gift for innovation and commercialization

GET GAP Insights

Join Us

October 16-17, 2025 / Seattle, WA

The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

Visit event site

The Story

WORCESTER—Worcester Polytechnic Institute has received a $3 million gift from alumnus Paul Covec ’64 to support innovation, entrepreneurship and commercialization efforts led by faculty and students, the university announced.

The gift establishes the Paul A. Covec ’64 Innovation and Commercialization Fund, an endowed resource designed to help promising ideas move from concept to marketplace. The fund supports patent research, prototyping, market analysis, and technology licensing, and is part of WPI’s ongoing “Beyond These Towers” fundraising campaign, the most ambitious in the university’s history.

 

Full story: WPI gets $3M gift for innovation

JOIN THE COMMUNITY

Get the Report

More GAP News

Consortium For Gap Fund and Accelerator ProgramS

Explore Institutional Participation

The Consortium provides a dedicated, institutional coordinating forum for collective insight, program refinement, and structured engagement with aligned commercial, investment, and philanthropic partners.

GAP are an interdependent institutional innovation and capital strategy that includes:

  • Translational research

  • Proof of concept programs

  • Startup accelerators

  • University venture funds

Get GAP Insights