Innovation Venture Fund

The Innovation Venture Fund provides seed capital to help especially promising NYU founders scale their startups. Together with co-investors, the philanthropic evergreen fund provides needed capital, contacts with the entrepreneurial and venture communities, and practical management and marketing coaching to help NYU students, faculty and researchers transform ideas and inventions into startups.

NYU’s pre/seed-stage venture capital fund invests exclusively in startups founded by, and/or commercializing technologies, innovations and intellectual property developed bycurrent NYU students, faculty, and researchers.

Learn more about our investment criteria below.

To request a meeting with our team and be considered for funding, submit a venture profile.

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Innovation Venture Fund Portfolio companies slideshow

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Background

Founded in 2010, the NYU Innovation Venture Fund provides seed capital to scale startups based on technologies, innovations and intellectual property developed by students, faculty, and researchers while at NYU. The Fund provides needed capital, contacts with the entrepreneurial and venture communities, and just as important, practical management and marketing coaching to transform NYU ideas and inventions into successful startups.

The Fund makes approximately three to four investments per year in partnership with other angel and venture capital investors. The Fund will recycle investment returns from the successful sale of portfolio companies back into the University to finance future ventures.

Criteria & Guidelines

This opportunity is open to startups founded by current students, faculty, and researchers at any NYU school, college, or institute.

The Fund seeks early-stage businesses with inventions, discoveries, products or services that were developed in whole or in part at NYU, that have achieved proof of concept (or a prototype) and are ready for scaling commercial product development and/or customer acquisition. The fund does not invest in projects requiring further basic research.

The Fund will consider proposals using the following evaluation criteria:

  • Technology has achieved proof of concept or prototype and is ready for commercial product development
  • Technology has important and sustainable points of differentiation
  • Validated initial target customer(s) with a compelling value proposition
  • Viable regulatory approval and reimbursement strategy, if applicable
  • Market able to sustain $50 million/yr revenues within 5 yrs of market entry
  • Logical mechanism for transferring key know-how and IP
  • Investment required for exit is in the $1s or $10s of millions, not $100s
  • Business capable of generating venture scale returns (5-10x return on invested capital)
  • Founders with key skills & experience committed to venture success

Don’t worry if you don’t know if you meet all the criteria laid out above. We will help you more fully assess the merits of your opportunity and connect you with the resources you need to progress your venture. Please reach out to us if you’re considering raising seed capital.

Current Portfolio Companies


Vengo

Redefining the concept of vending through its mini, interactive, and digital vending machines that serve not only consumer-packaged goods but also digital advertisements.

Industry

Hardware

Website

Participated in

BioDigital

BioDigital was founded on the premise that 3D technology will transform the way we understand the human body. Allowing people to see inside the body, using interactive 3D technology, promises to have a profound impact on the way we comprehend our health.

Industry

Healthcare

Website

Transparent Healthcare

Affordable health insurance alternative

Industry

Healthcare

Participated in




Opentrons

Provides an integrated suite of automation tools and protocols for life sciences scientist to conduct experiments to reduce the time to scientific insight.

Industry

Hardware

Website

Vidcode

A female-founded company with a mission to build a rigorous and creative online coding experience that appeals to all students. Vidcode is a 3rd-12th grade web-based JavaScript platform that teaches coding through media computation. Today, Vidcode is used by over a million students all over the world.

Industry

Education, Enterprise software

Website

Participated in

Clarifai

Clarifai’s powerful image and video recognition solutions are built on the most advanced machine learning platform, and made easily accessible via API, device SDK, and on-premise, empowering businesses all over the world to build a new generation of intelligent applications.

Industry

Enterprise software

Website

Participated in




Cytodel

CytoDel, Inc., is a biopharmaceutical company developing a platform based on recombinant derivatives of botulinum neurotoxin (BoNT). This platform enables two pipeline programs. The first uses atoxic derivatives of BoNT to create antibody fusion proteins that deliver their antibody cargo to the INSIDE of neurons. These BoNT-based molecular delivery vehicles have been shown to safely inactivate intra-neuronal targets in three species. The second program is developing pharmaceutically active BoNT derivatives to address unmet needs in the current $4B market for BoNT pharmaceuticals.

Industry

Healthcare

Website

KitSplit

KitSplit is making gear rentals more enjoyable and affordable for a huge community of artists and filmmakers.

Industry

Ecommerce and retail

Website

Participated in

PainQx

Diagnostic/software company that has developed a next generation approach to objectively measure pain in humans.

Industry

Hardware, Healthcare

Website




Prime Discoveries

State-of-the-art technology platform integrates automation, machine learning, and advances in computational biology to accelerate microbiome discoveries.

Industry

Healthcare

Pepper

The first brand to design products specifically for women with small boobs, starting with bras.

Industry

Ecommerce and retail, Fashion

Website

My Wellbeing

Matching individuals with quality therapists to ease access to a personalized healing relationship and enable therapists to help more people.

Industry

Healthcare

Website




Dathic

Dathic creates an AI-based platform for CPG that understands the US Hispanic consumers, recommends the best locations to grow and connect communities with the products they love.

Industry

Consulting

Website

Wrapbook

Created by filmmakers and technologists, Wrapbook is a powerful suite of software for modern entertainment payroll, insurance, and production management.

Industry

Fintech

Website

Revelio Labs

A platform that uses data from millions of resumes, job postings, and online profiles, and standardizes employee data automatically.

Industry

Fintech

Website




She Matters

She Matters trains healthcare workers in culturally competent care for Black women and offers an online platform to support Black women who experience postpartum comorbidities (e.g., anxiety and/or depression) through community and culturally relevant resources

Industry

Healthcare

GigFinesse

A platform that connects artists and venues to create unforgettable shows.

Industry

Entertainment

Website

Sabai Design

Offering affordable, deconstructable, and stylish furniture for modern and transient living with a focus on financial flexibility. Through a buy-back program, Sabai Design solves the headache of disposal/reselling and offers an even cheaper line of refurbished furniture.

Website

Participated in




Jones

Jones is a judgement-free journey to a vape-less life, through a personalized nicotine replacement subscription, behavioral support and digital community.

Participated in

Baton

Baton is a blockchain-enabled collaboration protocol designed to facilitate the future of creative digital exchange to help artists maintain control over their material and get the credit they deserve.

Industry

Entertainment, Enterprise software

Website

Rilla

Rilla provides conversation intelligence software for outside sales and service. Industries such as roofing, solar, interior design, banking, and telco send sales representatives to talk to potential customers face to face in their homes and businesses. Rilla uses AI to automatically transcribe, analyze and give feedback to sales managers on their representatives’ performance with customers, enabling them to remotely monitor their teams, saving two to three days a week from having to accompany field sales reps on training calls.

Industry

Enterprise software

Website




Chiefy

Perioperative team collaboration platform to intended to prove patient care that captures lessons, notes, and feedback after procedures and drives continuous improvement, helping surgeons, anesthesiologists, nurses, and other surgical stakeholders in fast and efficient coordination and collaboration from pre-op to post-op, while automating administrative tasks.

Industry

Healthcare

Website

Participated in

Muse

Developer of an artificial intelligence-based tool designed to find missed tax deductions and create a personalized tax plan to lower taxes.

Industry

Fintech

Website

Participated in

Steg AI

Developer of AI-driven information security tools designed to solve media provenance for social media platforms.

Industry

Enterprise software

Website

Participated in




Canaery

Developer of a neurotech device designed to digitize the sense of scent. The company’s device identifies hazardous compounds at canary ports and inspection points, enabling clients to identify the underlying object or even the state of that object.

Industry

Hardware

Website






Exited Portfolio Companies

Brooklinen

Brooklinen was built to deliver simple, beautiful home essentials at a fair
price.

Industry

Ecommerce and retail

Website

Fondu

Share bite-sized restaurant reviews with friends. Fondu was acquired by Airbnb in October 2012.

Industry

Consumer Services

Participated in

numberFire

Next Generation Sports + Analytics

Industry

Consumer Services

Website

Participated in



Keen Home

Making the home smarter, more efficient, and comfortable. By adding intelligence, automation, and beauty to these core areas, you will finally have a home that takes care of you, instead of the other way around.

Industry

Hardware

Website

Participated in

Tagasauris

Intelligent data platform for visual data

Industry

Enterprise software

Website

Framed Data

Predictive machine learning products to help companies understand their users

Industry

Enterprise software

Website

Participated in



Kinvolved

Combining technology tools and human interventions to change the deeply ingrained behaviors and external factors affecting student attendance, including poverty, racism, and socio-economic exclusion.

Industry

Enterprise software, Education

Website

Orca Pharmaceuticals

Oral drugs for the treatment of chronic inflammatory diseases.

Industry

Healthcare

Participated in


Submission Guidelines

To be considered, please carefully read the submission criteria and fill out a Venture Profile using the prompts below. Keep in mind this is intended to provide a preliminary overview of your concept and that an investment decision will not be made based solely upon the content of your profile.

New Venture Concept

  • What existing problem/condition does your solution address and how is it addressed today/what is the standard of care?
  • Describe how this technology will be applied to create a product or service?
  • What makes your product/service unique and why will customers/patients buy or use it?
  • Who are the initial target users/customers and buyers/payers for this, and how big is the market opportunity?

Technology and Intellectual Property (IP)

  • What is the technology at the core of this venture?
  • What is the background of the invention/discovery and who are the principal investigators/developers?
  • What supporting data/evidence do you have that your invention/discovery works as claimed
  • What IP protection exists (provisional patents, patents, copyright, know-how, trade secrets, etc.) if any?

Business Model

  • What are the potential sources of revenue for your venture (what is your revenue model) and which do you intend to pursue first?
  • How can you scale this into a large business (what is your sales & marketing strategy)?

Competitive Analysis

  • Who/what are the existing and potential competitive alternatives to your solution?
  • What is your sustainable competitive advantage/barrier to entry?

Regulatory Pathways (if applicable)

  • Describe the potential regulatory pathways (510K, PMA, OTC product, etc.) and any predicate devices if applicable.
  • Outline key clinical studies required to get regulatory approval.

Management Team

  • Who are the founders and what are their roles in the day-to-day of the startup?
  • What are the current team’s qualifications for executing your plan?
  • What are the key skills and areas of expertise you need to add to the team?