UMass Lowell's New Venture Development provides a path for university-owned innovation to become a startup. We also provide support and resources for external startups seeking to do business with the university.
The New Venture Development is a mix of university resources and equity investment designed to provide a path to, and facilitate more, startup activity at UMass Lowell. We help teams explore and develop potential commercialization strategies, test market assumptions, recruit university and non-university expertise and talent and secure early-stage funding. Funding sources include commercialization grants, internal and external competitions, state and local financing mechanisms and private funding.
This activity, paired with strong intellectual property resources, speeds early commercialization efforts and better prepares our university-related startups for other financing opportunities. We also manage the River Hawk New Venture Fund which pools licensing revenue and committed alumni contributions to make pre-seed and seed-stage investments into University-affiliated technology.