The Tech Venture Program is a three-phased program at NYU, which provides sequenced skill building, grant funding, and advice (from entrepreneurs/investors) to help faculty turn their research projects into viable startup ventures. The Tech Venture Program is held in partnership with the National Science Foundation.
Who It's For
The Tech Venture Program is open to any NYU full time/research faculty or researcher-led teams from across NYU who are interested in commercializing new scientifically driven research developed at NYU in fields including biotech/life sciences, computer science including ML/AI, AR/VR, robotics, blockchain, material science, photonics, electronics, and quantum computing, among others. Project teams are welcome to include students (PhD/student researchers), postdocs, and/or collaborators from outside NYU. No prior business or startup experience is necessary.
What You Can Expect
Learn more about each of the three phases of the Tech Venture Program:
Phase 1: Tech Venture Workshop (TVW)
- A three-half-day immersive program where faculty and their teams learn how to test the commercial potential of their research projects directly with customers and partners. The Workshop is held 3-4 times throughout the year.
- What you'll learn/accomplish: Explore the potential market opportunity for your research/invention, engage with potential customers, and learn about how to protect your intellectual property.
- Who it's led by: The Directors and Principals of NYU's Entrepreneurial Institute and Innovation Venture Fund.
- Funding: Receive a $1,000 grant (for reimbursable expenses), and qualify for Phase II of the TVP - NSF's I-Corps Program
- Application deadline: Friday, Feb. 2 at 6pm ET
- Program dates: The Winter/Spring 2024 Tech Venture Workshop will take place over three days via Zoom (and you must attend ALL three days):
- Wednesday, Feb. 21 (9am-2pm ET, via Zoom)
- Wednesday, Feb. 28 (9am-2pm ET, via Zoom)
- Wednesday, March 6 (9am-2pm ET, via Zoom)
Phase 2: NSF I-Corps
- A seven-week intensive program where project teams conduct rigorous customer discovery and development, to solidify the target market for their commercial venture. NSF I-Corps is held 12 times a year.
- What you'll learn/accomplish: Further refining your idea to identify the right target market, build relationships with customers, and develop a business model, to make your project market ready and/or to develop a new technology to fill a market need.
- Who it's led by: The instructors at the National Science Foundation's I-Corps program.
- Funding: Receive a $50,000 grant from the NSF, and qualify for Phase III of the TVP - the Tech Venture Accelerator.
- Program dates: The NSF runs at least three cohorts a quarter, at sites around the country. More details on the NSF I-Corps Teams page.
- Application cycle: Applications are rolling. If you're interested in applying please attend an upcoming info session (see calendar above)
- Prerequisite: Applicants must either have a prior NSF award, complete a Tech Venture Workshop (which is considered a "regional I-Corps program"), or both. Learn more about the requirements here.
Phase 3: Tech Venture Accelerator (TVA)
- A six-month program where project teams build out their startup business models, begin to acquire customers, and prepare for fundraising. The Accelerator is held approximately once a year.
- What you'll accomplish: Solidify your business model (revenue streams, cost structures, customer relationships, key partnerships and more), develop your go-to-market strategy, and receive guidance while you begin to acquire customers or otherwise advance your venture and technology in preparation for launch. Explore/prepare for fundraising via monthly meetings with venture capital investors, and dedicated support to apply for SBIR/STTR grants.
- Who it's led by: The Directors and Principals of NYU's Entrepreneurial Institute and Innovation Venture Fund, as well as expert entrepreneur mentors and venture capitalists from around the country.
- Funding: Receive a $50,000 grant from the NYU Entrepreneurial Institute
- Application cycle: The application for the next Tech Venture Accelerator will open during the Spring '24 semester. Sign up for our Deep & Bio Tech Newsletter to be notified of the application deadline for the next cohort.
- Prerequisite: Applicants must have completed NSF I-Corps (or an equivalent program such as NIH I-Corps)