The NJIT Venture Fund provides early-stage funding for students, staff, faculty, alumni, and startups licensing NJIT intellectual property. The fund represents NJIT's commitment to fostering entrepreneurial pathways for the NJIT community and seeks to bridge the gap between innovative research and the commercial world.
We are a team from NJII (a nonprofit NJIT subsidiary) and NJIT's Commercialization and Entrepreneurship office. In addition to managing the NJIT Venture Fund, we run the Technology Transfer Office, the VentureLink startup incubator, and the Highlander Foundry student summer accelerator.
If you are a member of the NJIT community, live in Northern New Jersey, or are just swinging through, we encourage you to check out the incubator and our programming. The team's personal favorite is Open Coffee Club Newark.
We are industry-agnostic and are open to funding companies with diverse business models, customer types, and technologies. We want to be "first in" as a funding source, but are OK with going in with professional investors. And, although we are deploying pre-seed capital, we are not a venture capital firm. We are a university. We are doing our best - often not perfectly - to support entrepreneurship and startups in our ecosystem.
The team's job is to deploy capital to the best companies we can, with the least expense, and as quickly as possible. With that in mind we have attempted to simplify our standard terms to not need negotiation as much as possible.
The Investment Process
PRESS AND POSTS
Need Business Seed Money? NJIT In Newark Funding Students, Alumni
NJIT students, professors or alumni who want to start a business will soon have access to $75,000 from a new venture fund
NJIT to Launch $500,000 Venture Fund
New Jersey Institute of Technology established the New Jersey Innovation Institute in 2014 as a vehicle for students and staff to more closely work with business and industry.
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