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Launchpad@Stevens

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Key numbers

Funding range

$5,000

Non Dilutive Grant

Equity

None

Application

Annual

Campus Wide

Last activity

2026

High confidence

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Launchpad@Stevens

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Student notes

Launchpad@Stevens

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    Rating

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    Known startups and winners

    Competition winners and notable student ventures from our research.

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    Blitz

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    Program portfolio

    Stevens Launchpad alumni startup; Y Combinator-backed.

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    Fulament

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    Stevens Launchpad alumni startup reporting $1.6M ARR.

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    Perl Street

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    Program portfolio

    Stevens Launchpad alumni startup.

    Stevens Institute of Technology logo

    Sutro

    Stevens Institute of Technology

    Program portfolio

    Stevens Launchpad alumni startup backed by Sequoia Capital.

    Program details

    Launchpad@Stevens

    Program Type

    incubator

    Institutional Scope

    Stevens Institute of Technology, Hoboken, NJ. Open to all Stevens undergraduate and graduate students.

    Description

    Selective 12-month startup incubator/accelerator that provides students with a personalized entrepreneurship journey working with real-world entrepreneurs to build technology-based businesses. Directed by Dr. Mukundan Iyengar (Edison Patent Award winner, Founding-Entrepreneur-in-Residence at Stevens Venture Center). Bootstrapped from $20K, now has a combined valuation of $36M+ across student startups, with $100M+ total value created. Features the Startup Garage incubator space on the 3rd floor of Samuel C. Williams Library. The Thomas H. Scholl Launchpad Awards (since 2020) provide additional project funding. No equity taken from any launched companies. Planning to double cohort size from 30 to 60 students per year.

    Key Details

    Detail Value
    Founded ~2017
    Director Dr. Mukundan Iyengar
    Duration 12 months
    Combined valuation $36M+
    Active initiatives 20+ incorporated
    Total value created $100M+
    Equity taken None
    Cohort size ~30 students (planning 60)
    Selection ~120 apply → 60 invited → 20 accepted

    Resources Provided

    • Startup Garage incubator space (library, 3rd floor)
    • Mentorship from entrepreneurs-in-residence
    • Thomas H. Scholl Launchpad Awards (project funding)
    • Up to $5,000 per startup via donor pools (2025 Chegg initiative)
    • Access to investor network (Y-Combinator, Sequoia, etc.)

    Funding Details

    Scholl Awards provide project-specific funding. Chegg initiative: up to $5K per startup for 10 iSTEM and Launchpad startups. No equity taken.

    Curriculum / Structure

    12-month program: spring kickoff (identify commercial ideas) → team formation → venture building. External mentors and entrepreneurs-in-residence guide teams.

    Eligibility

    Stevens students with strong hands-on skills. Competitive selection process.

    Related Programs

    Additional research notesShow

    Evidence