A University's Role in Funding Startups
Sunday, March 15
9:30AM - 10:30AM
Hilton Austin Downtown
500 E 4th St
In our experience, most founders believe they need to raise money to get to the next phase of their startup's development. Although many startups are premature in seeking capital, by understanding that money is a powerful draw for entrepreneurs the NYU Entrepreneurial Institute has been able to use it as a tool for attracting entrepreneurs into our programs and networks. Once the entrepreneur is engaged, we can help them assess what their true capital needs are as well as what other activities they should be doing to further their venture's development. We can then support them more effectively. In this session, we will discuss the role universities can play in providing funding for startups at different stages of development and we'll share some examples of the types of funds NYU has in place.
A few examples include:
NYU Innovation Venture Fund
NYU Prototyping Fund
NYU Green Grants
NYU Entrepreneurial Instititute (New York University)
Frank Rimalovski is the Executive Director of the NYU Entrepreneurial Institute. The Institute empowers entrepreneurs from idea to impact, offering educational programming, events, resources and fu...Show the rest
Frank Rimalovski is the Executive Director of the NYU Entrepreneurial Institute. The Institute empowers entrepreneurs from idea to impact, offering educational programming, events, resources and funding, via the NYU Innovation Venture Fund, to inspire, educate, connect, and accelerate entrepreneurs across NYU. As Managing Director of the NYU Innovation Venture Fund, he is also responsible for evaluating, structuring and managing investments in early stage startups founded by and/or commercialization technologies and intellectual property developed by NYU students, faculties and researchers. Frank is also a member of the Teaching Team for the NSF’s I-Corps program.
Prior to joining NYU in 2010, Frank led the successful investment and spinout of multiple new ventures from Lucent/Bell Labs, British Telecom, IBM and IDEO, among others. He was a founding partner of venture capital firm New Venture Partners, was a director/entrepreneur-in-residence in Lucent's New Ventures Group.Hide the rest