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NJIT Venture Fund
Also known as: NJIT Innovation Venture Fund
New Jersey Institute of Technology · Newark, NJ
Quick fit check
- Offers direct funding
- Takes equity
- Currently active
- Partially verified
Key numbers
Funding range
$75,000 – $75,000
Equity Investment
Equity
Equity taken
Application
Rolling
Campus Wide
Last activity
2021
Medium confidence
NJIT Venture Fund
Program Type
venture-fund
Institutional Scope
NJIT faculty, students, and alumni. Sector-agnostic but tech-focused given NJIT profile.
Description
$500,000 early-stage venture fund launched in 2021 via NJII and VentureLink. Makes one-time $75,000 investments in early-stage startups (including concept stage) affiliated with NJIT. Funded from NJIT endowment. Takes equity stakes. Designed to be self-sustaining via exits. Rolling investments (not cohort-based). Helps portfolio companies connect to later-stage investors (Newark Venture Partners, HAX). Led by NJII CEO Simon Nynens, GM Will Lutz, and Director Chelsea Samuelson.
Key Details
| Detail | Value |
|---|---|
| Fund size | $500,000 |
| Check size | $75,000 (one-time) |
| Equity | Yes (equity stake) |
| Eligibility | NJIT faculty, students, alumni (full-time on concept) |
| Sector | Agnostic |
| Follow-on | No direct follow-on; connects to external investors |
| Deployment | Rolling, not cohort-based |
| Source | NJIT endowment |
Resources Provided
- $75K equity investment
- Access to NJII/VentureLink network
- Connections to Newark Venture Partners, HAX
- NJII management support
Funding Details
$75K equity investment per company. Self-sustaining model.
Curriculum / Structure
Rolling deal-by-deal investments. No formal application cycle.
Eligibility
NJIT faculty, students, and alumni. Must be able to work full-time on venture.
Related Programs
Additional research notesShow
News & articles
News articles and official sources documenting NJIT Venture Fund at New Jersey Institute of Technology.
1 source
