Posts tagged Funding

How much does a student hacker need to develop a good idea to the point that it attracts further investment?

I’ve been thinking about this recently for a couple of reasons. I was reading the early Y Combinator site, via the Wayback Machine, about how they reckoned on $6,000 per person for their first Summer Founders Program. Each new startup could expect to receive less than $20K (the average is $17,000 / £10,000), with two or three friends being the ideal number of founders per company. The Summer Founders Program was aimed at undergraduate or graduating students.

I’ve also been looking at JISC’s Elevator funding programme, where people working in UK universities and colleges (with a *.ac.uk email address), are able to pitch an idea to receive up to £10,000 funding from JISC.  That’s the same amount of money Y Combinator seeds their successful applicants with. I think the JISC Elevator is a great idea, but looking at the proposals that have been submitted so far, I’m surprised and disappointed that there aren’t any proposals where the money goes directly to students to develop ideas of their own.  Maybe students haven’t been told? I’ll admit I’ve not publicised it at Lincoln, having been busy bidding for other JISC funds (where graduating 3rd year students are the main contributors to the projects) and awarding funds to projects of our own (where students receive most of the money). Still, I feel bad about not supporting JISC Elevator more. I have voted for one proposal.

I asked Alex, an undergrad and co-worker, how much a student who is hacking on an idea all day, every day, needs to live on in Lincoln, and he reckons about £600/month. That sounds harsh to me, so let’s assume they need £800/month and that there are three of them, because after all, if you can’t persuade a couple of friends that an idea is worth working on, then it probably isn’t a very good idea (or so says Y Combinator). On a related note, Google’s Summer of Code provides students with a $5000/£3000 stipend for the summer.

When I first heard about the JISC Elevator, my immediate thought was that the £10K maximum per project isn’t very much to attract FEC costed projects involving staff, but is perfect for offering to students as bursaries. A bursary, as I understand it, is supposed to cover the costs of living, rather than being seen as a wage, so they’re similar in purpose to the GSoC and Y Combinator funds. On our DIVERSE project, almost all of the money received went to paying the fees and bursaries of two MRes students. We are also prepared to contribute a larger percentage of the overall cost. Our recently funded beBOP project is an example of this, with a recent graduate being employed on grade 4, and the funding from JISC covering only 65% of the overall cost, compared to the maximum 80%.

I’ll admit, I don’t really understand how FEC works and where a lot of the money actually goes, but for the kinds of projects that the JISC Elevator is trying to attract, as well as JISC’s Rapid Innovation calls, I do wonder whether the GSoc or Y Combinator model of funding is a more cost-effective one. Pay students to hack over the summer, with a member of staff overseeing their work and call that the institutional contribution. £10K will pay for three students to hack over the summer, travel to a conference to talk about their work and pay for some servers on Rackspace for a few months. The tools to develop software in the early stages are cheap (a basic Linux stack on Rackspace is £7/month and there are enough open source tools available to explore ideas and develop prototypes, even if the ideal tool happens to be a proprietary one.

At Lincoln, we recognise that, given the opportunity and mentorship, undergraduate students have much to contribute. They’re not simply consumers of education. Like other universities, we’ve been running funding programmes each year that fund students to work on a research project with a member of staff over the summer. At Lincoln, it’s called UROS, the Undergraduate Research Opportunity Scheme. The Student as Producer UROS call was announced a few days ago. The LNCD group, which I co-ordinate awarded five projects £1000 each last week, which focus on the use of technology for education (more info on those projects soon). For the UROS and LNCD funded projects, almost all of the £1000 goes on undergraduate student bursaries. In my experience, undergraduate hackers can produce good work. Work that’s worth funding. Y Combinator thought so, too, and they’re now the most admired angel fund among young hackers. Each Y Combinator funded start-up is now guaranteed $150,000 as follow on funding by another investor. If you go Wayback to the first Summer Founders Program FAQ, you’ll see this:

Why are you doing this?

Partly because we feel guilty that we all got rich almost seven years ago, and still haven’t yet given seed money to new startups; partly because we think it is an interesting hack; and partly because we think it may actually make money.

We suspect that students, and particularly undergrads, are undervalued. Twenty years ago the idea of grad students starting companies would have seemed odd. Not after Yahoo and Google. And if grad students can do it, why not undergrads too?

I agree. Undergraduates can do it and I think institutions, together with JISC, should be thinking about our own Hatchery for Hackers.

It’s been a busy summer, to say the least.

The DIVERSE project is up and running and the Linking You and Jerome projects came to a successful end. We were joined by Jamie Mahoney, a new full-time Web Developer Intern and established a new group (LNCD). We’re co-organising a national student developer conference (DevXS) and have just been awarded a £241,500 grant for Orbital, an 18 month project to develop and pilot a new research infrastructure for the School of Engineering. Orbital is a great opportunity to build on some of our earlier work and get stuck into the challenges of managing raw research data. Which reminds me: data.lincoln.ac.uk is live, too :-)

Please do tell your students about DevXS.

    Tony Hirst recently blogged about the Open Data scene in UK HE, mentioning Lincoln as one of the few universities that are currently contributing HEI-related #opendata to the web. Sooner or later, I’ll write a more reflective post, but here I just wanted to document the current situation (that I’m aware of) at Lincoln. There are two groups that take an interest in furthering open data at Lincoln: LiSC, led by Prof. Shaun Lawson, and LNCD, the new cross-university group I co-ordinate which consolidates a lot of the previous and current work listed below. (For a broader overview of recent work, see this post).

    Derek Foster in LiSC recently released energy data from our main campus buildings, updated every 2hrs on Pachube. I was just speaking to Nick and Alex and I think they plan to pull this data into our nucleus datastore, combine it with the campus location-based work we’ve done and generate dynamic heat maps (assuming Derek isn’t already working on something similar??)

    LiSC are also mashing open data from the UK Police Crime Statistics database to create a social application called FearSquare and last week put together MashMyGov, a site that randomly suggests mashups using data sourced from Data.Gov.UK.

    In the past couple of years, LNCD have worked on:

    JISCPress, a 2009/10 project we worked on that didn’t release any data but developed a prototype WordPress platform that atomises documents for publication and comment on the web and spits out lots of data in open formats. It also uses OpenCalais, Triplify and can push RDF Linked Data to the Talis Platform. JISC now use it to publish documents for comment.

    Total Recal, a JISC-funded project we completed recently and will roll out across the university this September. As well as providing a fairly comprehensive and flexible calendaring service at the university, it allowed us to work on our space-time data and develop a number of APIs on top of…

    Nucleus, the epicentre of our open data efforts. This is a data store, using MongoDB, which aggregates data from a number of disparate university databases and makes that data available over secure APIs. Through a lot of hard work over the last year, Alex and Nick have compiled the single largest data store that we have at the university. Currently, it offers APIs to university events, calendars, locations and people. We’ll also be adding APIs to over 250,000 CC0 licensed bibliographic records held in Nucleus, too (see Jerome below). It also uses the OAuth-based authentication that Alex has developed.

    Linking You, is a JISC-funded project we delivered last week to JISC, which looked at our use of URIs, undertook a comparative study of 40 HEI websites (more to come), proposed a high-level data model for use by the HEI sector and made some recommendations for further work. What we’ve learned on this project will have a lasting effect on the way we present our data and on our wider advocacy of open data to the university sector. I really hope that our recommendations will lead us to more discussion and collaboration with people interested in opening university data.

    lncn.eu, a URL shortener that Alex and Nick developed in their spare time for a while and has since been formally adopted by the university. Naturally, lncn.eu has an API and can be used (e.g. Jerome) as a proxy for other services, collecting real-time analytics.

    Jerome, is a current JISC-funded project that will release over 250,000 bibliographic records under a CC0 license. The data is stored in Nucleus and documented APIs will be available by the end of July. This is a very cool project managed by Paul Stainthorp in the Library (who’s also a member of LNCD).

    We’re currently using data.online.lincoln.ac.uk to document the data that is accessible over our APIs. At some point, I can see us moving to data.lincoln.ac.uk – we just need to find time to discuss this with the right people. So far, we haven’t really gone down the RDF/Linked Data route, preferring to offer data that is linked (e.g. locations and events data are linked) and publicly accessible over APIs that are authenticated where necessary and open whenever possible. We are keen to engage in the RDF/Linked Data discussion – it’s just a matter of finding time. Please invite us to your discussions, if you think we might have something to contribute!

    Just a short note to record that in the last week, I’ve been informed that both our recent bids to JISC will be funded. The projects start on February 1st, just as Total ReCal is formally closing. As you can imagine, we’re all extremely pleased to be able to undertake this work over the next few months and are grateful for the backing that the funding provides.

    Here are summaries of the project bids. You can read the full bid documents by clicking on the links.

    Linking You << get it? ‘Lincoln U’ :-) (Google doc) (blog)

    Like most other HEIs, Lincoln’s web presence has grown ‘organically’ over the years, utilising a range of authoring and content management technologies to satisfy long-term business requirements while meeting the short-term demands of staff and students. We recognise the value of our .ac.uk domain as an integral part of our ‘Learning Landscape’ and, building on recent innovations in our Online Services Team, intend to re-evaluate the overall underlying architecture of our websites with a range of stakeholders and engage with others in the sector around the structure, persistence and use of the open data we publish on the web. Some preliminary work has already been undertaken in this area and we wish to use this opportunity to consolidate what we have learned as well as inform our own work through a series of wider consultations and engagement with the JISC community.

    Jerome (Google doc) (blog)

    Jerome began in the summer of 2010, as an informal ‘un-project’, with the aim of radically integrating data available to the University of Lincoln’s library services and offering a uniquely personalised service to staff and students through the use of new APIs, open data and machine learning. Jerome addresses many of the challenges highlighted in the Resource Discovery Taskforce report, including the need to develop scale at the data and user levels, the use of third-party data and services and a better understanding of ‘user journeys’. Here, we propose to formalise Jerome as a project, consolidating the lessons we have learned over the last few months by developing a sustainable, institutional service for open bibliographic metadata, complemented with well documented APIs and an ‘intelligent’, personalised interface for library users.